Karnataka Bank Limited is a leading private sector bank in India. It was incorporated on 18th February 1924 at Mangalore, a town located in the Kannada district of Karnataka. The bank emerged as a major player during the freedom movement of 20th Century India. During its process of expansion, the Karnataka Bank merged with other banks like Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka. Today, Karnataka Bank has emerged as one of the top financial service institutions in India.
Karnataka Bank: Branches and Business
Karnataka bank has expanded its reach to various parts of India, over the 85 years of its existence. Today, the bank has a total of 447 branches, spread across 19 states and 2 Union Territories, with a total business of about Rs. 31248 Crore. The bank presently employs over 4,900 employees and is answerable to about 71,822 shareholders and over 3.7 million customers. The bank has specialized branches like Agricultural Development Branch, Overseas Branches, Foreign Exchange Branches, Specialized SSI Branches, Asset Recovery Management Branches, Currency Chests, Central Processing Centre spread across the length and breath of the country.
Karnataka Bank: Facilities and Customer Service
Karnataka Bank provides a broad range of customized products and services suitable for all kinds of market, trade and perceived requirements, be it business or personal. It deals in personalized banking, business banking, money transfer, internet banking and insurance services. The facilities include borrowing facilities, deposits, optimum returns on surplus funds and helping with smooth overseas transactions.
As a part of personalized banking, Karnataka Bank provides services for high earning deposits, simple & convenient loans, life insurance, money transfer, utility bill payments and thus, efficiently keeps a track of your finances. As a part of its business banking, the bank provides you with working capital finance, term loans and infrastructure finance, to let your business expand smoothly. The Internet Banking facility of Karnataka Bank, MoneyClickTM lets you manage your finances as per your own convenience, anytime and anywhere. It is a 24X7, completely free and friendly internet banking solution to all your problems.