Karnataka Bank
"Your Family Bank. Across India"
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| Public | |
| Traded as | : : KTKBANK |
| Industry | Banking, Financial services |
| Founded | 1924 at Mangaluru, India. |
| Headquarters | Mangaluru, Karnataka, India |
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Key people
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Mahabaleshwara Bhat M S(MD) 15-04-2017 |
| Products | Retail banking, corporate banking, finance and insurance, mortgage loans, |
| Revenue | ₹ 750587 crores(March 2014) |
| Profit | ₹ 415.00 crores (31.03.2016) |
| Total assets | ₹ 47028.80 crores(May 2014) |
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Number of employees
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7669 |
| Website | karnatakabank |
The Karnataka Bank Limited (Kannada: ಕರ್ಣಾಟಕ ಬ್ಯಾಂಕ್) is a major banking institution based in the coastal city of Mangaluru in Karnataka, India. The Reserve Bank of India has designated Karnataka Bank as an A1+-class scheduled commercial bank.
Karnataka Bank currently has a network of 765 branches and above 1334 ATM's across 21 states and two Union territories. It has over 7600 employees and 6.7 million customers, including farmers and artisans in villages and small towns throughout the country. Its shares are entirely privately owned by some 1,29,862 shareholders. The tag line of the bank is ”FAMILY BANK ACROSS INDIA".
The total business turnover of the Bank was ₹ 81,315 crores as on 30-09-2015, registering a y-o-y growth of 10.01%. Deposits of the Bank rose to ` 48,872 crores registering a y-o-y growth of 10.58%. Advances rose to ` 32,443 crores registering a y-o-y growth of 9.17%.
Karnataka Bank has adopted core banking and Internet banking, and established its "MoneyPlant" [1100+ automated teller machine] system. During 2015-16, the bank received the IDRBT Banking Technology Excellence Award of the Institute for Development and Research in Banking Technology [IDRBT], Hyderabad for the year 2014-15. Karnataka Bank has received the Federation of Indian Export Organizations – Western Region's “Export Excellence Award for MSME”, for the year 2014 -15. Lastly, the bank has achieved the ISO 27001:2013 Certificate from UKAS, Management Systems, a UK based certifying body.
The bank has the Best Bank Award for "Managing IT Risk" under small bank category for the year 2010-11, instituted by Institute for Development and Research in Banking Technology (IDRBT). Shri Anand Sinha, deputy governor, Reserve Bank of India and chairman, IDRBT presented the award to Shri P. Jayarama Bhat, managing director at a function held in Hyderabad on 4 August 2011 in the presence of Shri B. Sambamurthy, director, IDRBT.
In August 2008, Karnataka Bank received the Sun and NDTV Green IT Award. Sun Microsystems and NDTV gave the award to in recognition of the bank's "green policies" and use of earth-friendly technology such as solar power.
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