News

Total income of the company increased by 16.68% to Rs 2055.31 crore for Q3FY23

Aggregate deposits increased 7.87% to Rs 84592.60 crore (provisional) as of December 31, 2022, as compared to Rs 78424.86 crore as of December 31, 2021

Customers can avail the benefits of digital banking and offers of the special campaign across all its 880 Branches

The Bank’s CASA deposits aggregated to Rs 26,790.36 crore (Provisional) as of September 30, 2022, a growth of 12.78% to Rs 23,755.08 crore as of September 30, 2021

The collaboration with SCHWING Stetter is expected to broaden the Bank’s MSME financing prospects

The digital Co-lending platform would enable Karnataka Bank and its NBFC partners to effortlessly integrate and lend to borrowers with faster turnaround time

These variants are designed to meet the financial needs and aspirations of Salaried Employees under corporate category.

The agreement is to provide financial support to JLG of economically active women in both rural and semi-urban areas

While strengthening the hands of brick and mortar branches, this new technology nerve centre will open up new channels of sourcing business and servicing the Nxt Gen customers

The bank, through its technology and digital led solutions, will continue to engage and partner with the Government of Karnataka for implementing its various initiatives towards welfare of the public

The bank has been awarded at the 18th IBA annual Technology Conference, Expo & Awards 2022

The total CASA deposits now stand at 32.97 per cent of total deposits as on March 31, 2023

The services will be made available at Village Dairy Co-operative Societies, associated with Milk unions of Karnataka Milk Federation

This strategic association is all set to enhance the current value proposition of enabling customers to invest in stocks and Mutual Funds

The bank has launched RAC to enhance its Retail Banking Services and provide a more streamlined, customer-focused approach to its loan and financial products

Earlier, the Bank had inaugurated two Digi-Centres at Yelahanka New Town & Hulimavu in Bengaluru

The ICEGA TE portal of CBIC provides e-filing services to the Trade, Cargo Carriers and other Trading Partners electronically

Ayodhya branch will showcase innovative digital banking solutions, providing its customers with seamless and efficient financial services

Labelled as ’KBL-NxT’, the Bank is currently undertaking an accelerated digital drive under its Transformation Journey ’KBL VIKAAS 2.0’

The interest rate for this deposit scheme is 6.10% per annum

The tie up arrangement with JCB India is expected to boost the lending avenues under the Bank’s MSME portfolio

With this campaign, the Bank aims to introduce its attractive digitally powered savings account products to its prospective customers

The total consolidated income of the bank increased by 2.30% at Rs 2680.10 crore for Q4FY25

The DBUs shall also promote financial inclusion and digital banking literacy in the district concerned

The digital products are designed to ensure customer delight and satisfaction

This deposit will be for a period of 555 days with interest rate of 7.20 % p.a.

The partnership is a testament to the stated commitment to offer customers a range of innovative and customer-centric financial solutions

This is yet another digital initiative being dedicated to its customers under the KBL-Nxt Digital Transformation project of the Bank

This collaboration is designed to leverage the strength of BALIC’s product capabilities

The arrangement will leverage Karnataka Bank’s low cost of funds and the end-to-end digital capabilities of KBL and Paisalo

Consolidated total income of the bank increased by 18.65% at Rs 2,438.68 crore for Q3FY24

The partnership with Hyundai is expected to broaden the Bank’s MSME funding prospects

This collaboration will allow bank to digitally onboard various NBFCs, to lend significant amount of money and onboard a larger customer base as a result of their better consumer outreach

The centre will help in accelerated incubation of AI/ML models along with their integration to business, on a scalable analytical data platform