Karnataka Bank

Karnataka Bank

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Karnataka Bank

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Karnataka Bank Limited (Kannada: ಕರ್ನಾಟಕ ಬ್ಯಾಂಕ್ ಲಿಮಿಟೆಡ್) is a private sector banking institution based in the town of Mangalore in Karnataka, India. The Reserve Bank of India has designated Karnataka Bank as an A1+-class scheduled commercial bank.

The bank now has a national presence with a network of some 479 branches across 20 states and 2 Union Territories. It has over 5844 employees and 4.84 million customers, including farmers and artisans in villages and small towns throughout the country. Its shares are entirely privately-owned by some 86,868 shareholders.SEBI profile, pg. 38

Current position

For the quarter that ended on December 12, 2008, the total interest earned was 508.4 crores.

The Karnataka Bank has been striving to keep pace with advances in banking technology by adopting Core banking and Internet banking, and establishing its "MoneyPlant" Automated Teller Machine system.

In August 2008, Karnataka Bank received the Sun and NDTV Green IT Award. Sun Microsystems and NDTV gave the award to...
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