Learn, Analyse & Invest
only with
only with
+91
Download Orca
The Karnataka Bank Ltd.
Karnataka Bank
The Karnataka Bank Ltd. live price is ₹ 0.00. Price change 0.00, 0.00 percent.
₹ 0.00
0.00 (0.00)%
Banks
Small-cap - With a market cap of ₹93.09 Cr.
Subsidiaries
The Karnataka Bank Ltd.
KTKBANK
NSE
Bank - Private
0.00
0.00%
Management
1. Sham Kanathila
Company Secretary & Compliance Officer
2. P Pradeep Kumar
Chairman
3. Raghavendra Bhat
Managing Director & Chief Executive Officer
4. BR Ashok
Non Independent & Non Executive Director
5. Uma Shankar
Non Executive Independent Director
6. D S Ravindran
Non Executive Independent Director
7. Balakrishna Alse S
Non Executive Independent Director
8. Jeevandas Narayan
Non Executive Independent Director
9. K Gururaj Acharya
Non Executive Independent Director
10. HV Harish
Non Executive Independent Director
Contact Information
Company Address
P . B . No 599, Mahaveera Circle, Kankanady
Mangalore, Karnataka - 575002
www.karnatakabank.com
comsec@ktkbank.com
Registrar
Integrated Registrary Management Services Pvt Ltd.-(Formerly Integrated Enterprises (India) Ltd)
30, Ramana Residency, 4th Cross, Sampige Road, Malleswaram, Bangalore 560003
Phone: 91-080-23460815 to 818
Email: svijavagopal@iepindia.com, alfint@vsnl.com
Website: irg@integratedindia.in
Company Profile
The Karnataka Bank, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, a coastal town of Dakshina Kannada district in Karnataka State. The bank took shape in the aftermath of patriotic zeal that engulfed the nation during the freedom movement of 20th Century India. Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka. Presently, it has emerged as a leading financial service institution in India.
The Bank is a professionally managed scheduled commercial bank. Its principal business activities encompass retail banking, wholesale banking, and treasury operations. It offers a wide array of banking products and services through various channels, including branches, ATMs, call centres, internet banking, and mobile banking.
The Bank's branch network is complemented by alternative service delivery channels such as internet banking, mobile banking, digital banking solutions, Aadhar-enabled payment systems, point of sale (POS) systems, QR payments, UPI, a 24/7 contact centre, mPassbook, micro-ATMs, prepaid gift cards, payment gateway services, and business correspondent services. These services are part of Bank's commitment to financial inclusion and are supported through various partnerships and tie-ups.
Business area of the bank
The Bank is engaged in providing, a wide range of banking and financial services. The Bank caters to four key segments, including Retail and Personal Banking, Agri-banking, Business and MSME, and NRI Priority Banking. The Bank’s product innovations are aligned with its strategic focus on ‘RAM’ - Retail, Agriculture, and MSME, enabling it to support inclusive growth and build long-term customer relationships.
Awards
2015-16
- Karnataka Bank Bags MSME Banking Excellence Awards 2015'. -'Karnataka Bank Bags Four Assocham Social Banking Excellence Awards'. -'Karnataka Bank introduced one more new technology based facility 'Online Account Opening'. -Karnataka Bank bags IBA Banking Technology Award. -'Karnataka Bank Launches 'Cash Back Campaign' on VISA Debit Cards'. -Karnataka Bank launches anti-tobacco campaign as part of CSR. - 'Karnataka Bank bags CFBP Jamnalal Bajaj Awards 2015'. -'Karnataka Bank bags IDRBT Banking Technology Award'. -'Karnataka Bank launches 'KBL POS MANAGER' Android Mobile App for its POS (EDC) Merchants'.
2017-18
- ASSOCHAM Social Banking Excellence Award 2017 under the category “Overall Best Social Bank for Small Bank Class”, received on 17-02-2018.
- ET NOW BFSI (Banking Financial Services & Insurance) Awards, 2018 under the categories ‘Bank with more Rural Branch expansion’ and ‘Bank with leading Financial Inclusion initiatives’, received on 14-02-2018.
- Award for achieving 100% Branch activation of the social security scheme Atal Pension Yojana, in the ‘Atal Pension Yojana, People First Campaign - Uttar Pradesh’, organized by PFRDA, received on 06-02-2018.
- 'Best Financial Services & Foreign Exchange Earner in Southern Region’ award for the year 2016-17 under GOLD Category, instituted by FIEO, received on 18-01-2018.
- ASSOCHAM India - SMEs Excellence Award 2017, for rendering Excellent Service in SME Sector under Private Sector category, instituted by ASSOCHAM, India, received on 14-12-2017.
- Appreciation certificate “Impactful Financial Inclusion through Innovations & Process” for the bank’s contribution in the Financial Inclusion space, instituted jointly by Union Bank of India and CNBC TV18, received on 05-12-2017.
2018-19
- ‘Bank with Best Technology Orientation” and “Best Corporate Social Responsibility Practices” awards instituted by ET NOW – World BFSI Congress, received on 14-02-2019.
- Award in Atal Pension Yojana “Perform for Pride” Campaign under Branch Category, conducted by PFRDA, received on 11-02-2019.
- Award in Atal Pension Yojana “Lead to Leap Award” Campaign, conducted by PFRDA, received on 16-11-2018.
- ASSOCHAM SMEs Excellence Award – 2018, under “Excellent Service (Private Sector)” category, instituted by ASSOCHAM, received on 24-10-2018.
- Award in Atal Pension Yojana “Winners Arts of Possible” Campaign 2018-19, conducted by PFRDA, received on 05-10-2018.
- Award in Atal Pension Yojana “Winners of Winning Wednesday” Campaign under Branch Category, conducted by PFRDA, received on 05-10-2018.
- Award in Atal Pension Yojana “Winners of Winning Wednesday” Campaign under RO Category, conducted by PFRDA, received on 05-10-2018.
- Best Performing Bank award in the Atal Pension Yojana ‘People First’ campaign at Tamilnadu for 100% Branch Activation of APY scheme, conducted by PFRDA, received on 06-08-2018.
- Best Performing Bank award in the Atal Pension Yojana ‘Icons of Inspiration’ Campaign held from 14-03-2018 to 31-03-2018, conducted by PFRDA, received on 06-08-2018.
- ‘Best MSME Bank Award - Runner Up’ instituted by Chamber of Indian Micro Small & Medium Enterprises [CIMSME], received on 20-07-2018.
2019-20
- Best MSME offering under Private Sector category in ASSOCHAM 7th National MSMEs Excellence Awards, instituted by ASSOCHAM, received on 30-01-2020.
- Third Best Performed Bank award at National Level under Old Private Sector Bank Category for the year 2018-2019, instituted by State Forum of Bankers’ Clubs, Kerala, received on 15-12-2019.
- ET Business Excellence Award 2019, in the category “Excellence in Banking Service” received on 19-09-2019.
- STP Award 2018: In recognition of Bank’s outstanding payment formatting and straight-through rate, instituted by Bank of New York, Mellon.
- Bank’s in-house magazine ‘ABHYUDAYA ‘- awarded as the Best In House Magazine in the National Awards for Marketing Excellence presented by Business Television India (BTVI).
- Bank bags Atal Pension Yojana “Game Changers” award instituted by PFRDA on 01-07-2019, for achieving 100% of AAPB target for the FY 2018-19.
2020-21
- Karnataka Best Employer Brand Awards 2020.
2021-22
- The RUNNER UP under ‘Customer Journey Reimagination’ category among the ‘Mid-Size Bank segment’ by INFOSYS Innovation Global Awards 2021.
- Awards from CIMSME (Chamber of Indian Micro Small and Medium Enterprises), New Delhi. Best Branding Private Bank- Runner-Up.
- Kanhangad Branch of the Bank in Kerala has been adjudged as ‘Third Best Branch in Kerala State’ under Private Sector Bank Category for the year 2020-21 by State Forum of Bankers’ Club (Kerala) in SFBCK Banking Excellence Awards 2021.
- Award of Excellence- ‘APY- Mega Login Stars’ from PFRDA (Pension Fund Regulatory & Development Authority
- The bank is conferred with the ‘Top Organizations with Innovative HR Practices’ award at the 19th edition of the Asia Pacific HRM Congress held on October 26, 2021.
- ‘Best MSME Bank of the year – Winner’ Award among Private Sector Banks at the 8th MSME’s Excellence Awards Ceremony and Summit instituted by ASSOCHAM, New Delhi.
2022-23
- ‘Excellence Award-Runner Up’ under Lending in Small Bank category by ASSOCHAM 17th Annual Summit & Awards Banking & Financial Sector Lending Companies.
- Three prestigious awards from Confederation of Indian Industry (CII) - Digital Transformation (DX) in BFSI segment for ‘Innovative’ Best Practice under the following categories: a) ‘KBL HR NxT’ b) ‘KBL Operations NxT’ c) ‘KBL Customer NxT’
- ‘Award of Par Excellence’ received in APY Strategy Review Meeting & Felicitation Programme organised by PFRDA under ‘Beat the Best & Be the Best’ category for South Zone.
- ‘Best Technology Talent-Runner Up’ award at the 18th IBA annual Technology Conference, Expo & Awards 2022, conferred by Indian Banks’ Association (IBA) Mumbai.
- ‘Prathista Puraskar’ under ‘Digidhan Awards 2021-22’ by Ministry of Electronics & Information Technology (MeitY), Govt. of India for achieving target with highest percentage in BHIM-UPI transactions in Private Sector Bank category.
2023-24
- The Bank has won 3 prestigious awards at 'Infosys Finacle Innovation Awards 2023' under the categories 'Transformation Excellence', 'Process Innovation' & 'Channel Innovation'.
- The Bank has bagged ‘Exemplary Digital Transformation Strategy’ and ‘Outstanding Data Analytics Initiative’ awards conferred by ‘EletsBanking and Finance’
- The Bank conferred with ET Edge ICONIC BRANDS OF INDIA-2023 AWARD
- The Bank bagged ‘Business Icon Award –2023’ sponsored by ‘The Zee Kannada News channel’
- The Bank won 2 prestigious awards at ‘MSME BANKING & MSEFC Excellence awards 2023’, under the category Best Private sector Bank for creating awareness among MSME (Winner) and Best Private sector Bank for supporting startup’s (Runner Up).
2024-25
- Won the Gold Award for business Model Innovation from Infosys Finacle.
- ‘Account Aggregator Ecosystem Awards 2024 for Financial Inclusion’ SAMVAAD 2024 (by Sahamati)
- Bank has created history by winning awards in six categories at the ‘20th Annual Banking Technology Conference, Expo & Citations, 2024’
- ‘Best Innovation & Partnership Initiatives’ Assocham 19thAnnual Summit & Awards
- Bank bags ‘APY Ultimate Champions Award for FY 2023-24’ under Private Sector Banks Category.
- Bestowed the Digital Media Excellence Award from Indiatelevision.com for exceptional digital content marketing.
- ‘Outstanding work in Leveraging Data for Growth’ ET BFSI Excellor Award 2024
Milestones
- 1924: Incorporated and commenced business
- 1925: Maiden dividend declared
- 1934: Third branch of the Bank opened
- 1945: KSN Adiga appointed as a Director of the Bank
- 1949: Celebrated Silver Jubilee of the Bank
- 1949: Total deposits at Rs 55.59 lakh; Total Advances at Rs 39.39 lakh; Total 9 Branches
- 1953: Total Business Turnover crossed Rs 1 crore
- 1958: Included in the Second Schedule of the Reserve Bank of India Act,1934
- 1958: KSN Adiga became the Chairman
- 1959: Bank was upgraded from the D class to C class
- 1960: Sringeri Sri Sharada Bank Limited was taken over by the Bank
- 1964: Chitaldurga Bank Limited taken over by the Bank.
- 1966: Bank of Karnataka Limited was acquired by the Bank
- 1968: The Bank was upgraded from C class to B class
- 1970: Paid up Capital grew from Rs 15 lakh to Rs 20 lakh
- 1971: 100th Branch of the Bank opened.
- 1971: KSN Adiga appointed as full-time Chairman and Chief Executive of the Bank
- 1972: Multistoried Head Office Building was constructed at Kodiabail, Mangaluru
- 1974: Celebrated Golden Jubilee Year of the Bank
- 1974: Total Deposits at Rs 33.14 crore; Total Advances at Rs 22.09 crore; 146 branches and 1,314 employees
- 1975: 150th Branch of the Bank Incorporated
- 1976: Bank’s Authorised Capital increased to Rs 1 crore
- 1976: First regional office of the Bank opened in Bengaluru
- 1977: Adopted the emblem designed by Dr K Shivarama Karantha
- 1977: 200th Branch of the Bank was Incorporated
- 1977: Bank entered into the foreign exchange business
- 1977: Staff training college started at Mangalore
- 1978: Bank’s Turnover crossed Rs 100 crore
- 1979: Bank’s Deposits crossed Rs 100 crore mark
- 1982: 250th Branch of the Bank opened
- 1984: Diamond Jubilee Year of the Bank
- 1984: Total Deposits at Rs 200 crore
- 1984: House Magazine “Abhyudaya” launched
- 1986: Bank’s Total Deposits crossed Rs 300 crore
- 1989: Bank’s Deposits crossed Rs 400 crore
- 1990: Bank’s Authorised Capital increased to Rs 5 crore and paid-up Capital increased to Rs 4.5 crore - highest among the private sector Banks
- 1990: New deposit schemes - Suvarna Nidhi and Ready Money launched
- 1990: Krishi Card introduced
- 1990: Merchant Banking division started
- 1990: Deposits of the Bank crossed Rs 500 crore
- 1993: Deposits of the Bank crossed Rs 840 crore
- 1994: Deposits of the Bank crossed Rs 1,000 crore Mark
- 1996: Public Issue of Rs 45 lakh equity shares in Oct 1995
- 1996: Bank’s Paid up Capital was raised from Rs 4.5 crore to Rs 13.46 crore
- 1997: 300th Branch of the Bank Incorporated
- 1997: Bank’s Shares listed in Bengaluru Stock Exchange and National Stock Exchange of India Limited
- 1999: Celebrated Platinum Jubilee Year of the Bank
- 2000: New Technology Platform ‘Finacle’ was unveiled in collaboration with Infosys Technologies Limited
- 2002: Bank’s Turnover crossed Rs 10,000 crore mark
- 2002: Highest Dividend of 60% was declared
- 2002: International inward money transfer services were launched in partnership with Western Union Financial Services Inc., USA
- 2003: ATM services was introduced by installation of 12 self ATMs
- 2003: The Bank increased its capital from Rs 13.5 crore to Rs 40.49 crore by issue of 1.34 crore shares
- 2003: The Bank became Corporate agent for marketing life insurance policies of MetLife India Insurance Co.
- 2004: The Bank adopted the Mission Statement “To be a technology savvy, customer centric progressive Bank with a national presence, driven by the highest standards of corporate governance and guided by sound ethical values”
- 2004: Head office shifted to Banks own building near Mahaveera Circle Mangaluru
- 2005: Introduced multicity cheque payable at par at 200 Branches of 90 centres across India
- 2005: Launched MoneyPlant Visa International Debit Card
- 2005: Offered shares on rights basis in the ratio of 2:1
- 2006: Shares of the Bank listed on BSE Limited
- 2006: Starts live operations under RTGS system of RBI
- 2006: MoneyClick Internet Banking launched
- 2006: Commenced DP Activity under the CDSL
- 2006: Business Turnover crossed Rs 21,000 crore
- 2007: 100% CBS Deployment of Finacle Core Banking solution at all branches of the Bank completed
- 2008: Introduced SMS alerts, online shopping, online payment facilities in merchant establishments, e-Hundi
- 2008: Business turnover of the Bank crossed Rs 25,000 crore
- 2009: Implemented the three-way data replication process aimed at zero data loss
- 2009: Installed CIS Software at all branches for credit proposals
- 2009: Cheque Truncation System started as pilot project
- 2010: Introduction of MoneyPlant International Debit Card, m-commerce, e-commerce
- 2010: Introduction of deposit products: KBL Kishore, KBL Tarun, KBL Salary Privilege, SB Money Platinum, CA Money Platinum
- 2010: 200th ATM opened; 450th Branch Incorporated
- 2011: Introduction of deposit products such as KBL Vanitha
- 2011: Introduction of loan products such as KBL Mortgage, KBL Mahila Udyog, KBL Instant Agri Credit, KBL Agri Gold
- 2011: Launched KBL Mpower biometric smart card at Babbur Grama in Hiriyur Taluk of Chitradurga District
- 2011: Offered shares on Rights basis in the ratio of 2:5, at a price of Rs 85
- 2012: Business Turnover crossed Rs 50,000 crore
- 2012: Launched Point of Sale network facility
- 2012: Launched KBL Gift Cards and Travel Card
- 2012: Launched K family care insurance policy
- 2013: Commenced to act as a Self Certified Syndicate Bank (SCSB) by providing the facility of Application Supported by Blocked Amount (ASBA).
- 2013: Launched KBL Mobile, a mobile banking solution.
- 2013: Launched a corporate caller tune as a part of a new initiative in the branding exercise of the Bank.
- 2013: The Bank raised Rs 250 crore by issue of non-convertible subordinated debt instruments in the nature of debenture (lower tier 2 bonds) with a tenor of 10 years on private placement basis.
- 2014: Introduction of Basic Savings Bank Deposit Account and SB Small Account
- 2014: Introduction of loan products such as MSE Support, Kisan Mitra, Krishik Godham
- 2015: Incorporated the first e lobby (24x7 banking services) at Bangalore
- 2015: Opened 1000th MoneyPlant ATM
- 2015: Business Turnover crossed Rs 75,000 crore
- 2016: ISO 27001:2013 Released the Centenary Emblem certified by UKAS Management Systems
- 2016: 2 new Mobile Banking Apps i.e., KBL-Apna App and KBLmPassBook
- 2017: KBL Smartz UPI App launched
- 2017: Bank offered shares on Rights basis in the ratio of 1:2
- 2017: Centralised Account Verification Cell established
- 2018: KBL Image Debit Card Launched
- 2018: Met Loan & Life Suraksha single premium plan and Mobile App launched
- 2018: The Business Turnover crossed Rs 1,00,000 crore
- 2019: Deposit Only Card Launch
- 2019: Launched the Cash@POS facility through its
- 2019: MoneyClick Internet Banking platform.
- 2019: Customer Base Milestone: The Bank’s customer base Crossed 1 crore.
- 2019: KBL Mobile Plus Banking Mobile App Launched
- 2020: Achieved an all-time high annual net profit of Rs 477.24 crore
- 2020: Introduced the KBL SB Salary Account with three variants.
- 2020: Rupay National Common Mobility card launched
- 2021: Awarded for Digital payments by the Government of India
- 2021: Incorporated wholly owned non-financial subsidiary KBL Services Limited
- 2022: Foundation Stone laid for Centenary Building
- 2022: Bank’s digital transactions reach a new high of 93.22%
- 2023: Authorised by the Reserve Bank of India (RBI) to collect both direct and indirect taxes on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).
- 2023: Achieved a remarkable annual net profit of Rs 1,180.24 crore.
- 2023: Incorporated a Technology & Digital Hub in Bengaluru.
- 2023: Launched the video-based customer identification process for savings account opening process
- 2023: Released the Centenary Emblem
- 2024: Bank celebrated its Centenary Year and Inaugurated Centenary Building
- 2024: Capital Raise of Rs 1,500 crore completed in FY 2023-24 through Preferential Allotment amounting to Rs 799.99 crore; Preferential Allotment amounting to Rs 99.99 crore; QIP amounting to Rs 599.99 Crore
- 2024: Diverse and comprehensive offerings - 18 new products and 13 new partnerships in FY 2023-24
- 2024: Achieved all time high Net Profit of Rs 1,306.28 crore.
- 2026: Enabled the facility for payment of Government of Karnataka's Khajane-2 e-receipts through Internet Banking platform.
- 2026: Entered into a strategic partnership with Pine Labs, a top provider of Point-of-Sale (PoS) solutions.