Karnataka Bank Ltd
"Your Family Bank. Across India."
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| Private Sector Bank | |
| 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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Shri Mahabaleshwara M. S.(M.D & C.E.O) 15-04-2017 |
| Products | Retail banking, Corporate banking, Finance and Insurance, Mortgage loans, Debit Card, Credit Card, Internet Banking, Mobile Banking |
| Revenue | ₹ 93736.76 crores (31.03.2017) |
| Profit | ₹ 452.26 crores (31.03.2017) |
| Total assets | ₹ 64126.55 crores (31.03.2017) |
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Number of employees
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8000+ |
| Website | karnatakabank.com |
The Karnataka Bank Limited (Kannada: ಕರ್ಣಾಟಕ ಬ್ಯಾಂಕ್ ಲಿಮಿಟೆಡ್) is a major banking institution based in the coastal city of Mangaluru in Karnataka, India. The Reserve Bank of India has designated Karnataka Bank Limited as an A1+ class Scheduled Commercial Bank.
Karnataka Bank Limited currently has a network of 771 branches, 1380 ATM's and 110 e-lobbies/mini e-lobbies across 22 states and 2 Union territories. It has over 8000 employees and 8.2 million customers, including farmers and artisans in villages and small towns throughout the country. Its shares are entirely privately owned by over 1,46,000 shareholders. The tag line of the bank is "Your Family Bank Across India".
In August 2008, Karnataka Bank Limited 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.
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.
Karnataka Bank Limited has adopted Core banking and Internet banking, and established its "MoneyPlant" [1380 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 Limited 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.
Karnataka Bank Limited was incorporated on 18th February 1924, and commenced business on 23rd May 1924. Its founders established it at Mangalore, a coastal town in the Dakshina Kannada district of Karnataka. Among the founders, who created the bank to serve the South Kanara region, was B. R. Vysaray Achar. Another important personality associated with the bank was K. S. N. Adiga, who served as Chairman from 1958 to 1979.
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