Karnataka Bank: Personal Banking, Fixed Deposits, Stocks & Share Price

Karnataka Bank

“With the best of objectives, bank network, and fine services, Karnataka Bank is our most sought-after Family Bank in India.”

Karnataka Bank Limited, a major ‘A’ Class Commercial Bank in India, was founded on 18th February 1924, in Mangalore, a town in Karnataka’s Dakshina Kannada district. The bank arose from the patriotic fervor that gripped the nation during the liberation movement of twentieth-century India.

The Bank grew over time, also due to the merging of Chitradurga Bank Ltd., Sringeri Sharada Bank Ltd., and Bank of Karnataka. With almost nine decades of expertise at the forefront, offering professional banking services and exceptional customer care, they now have a national presence with an 879-branch network distributed across 22 states and two union territories.

Karnataka Bank- Objectives 

Throughout the years, their main objective has been “to provide the greatest services and goods.” Karnataka Bank, among others, was among the first to recognize the need for a centralized banking system and was among the first to install the Core Banking System in the year 2000. This solution allowed them to store and handle all of their client’s accounts from a single location – the Bangalore Data Center.

To ensure their customers receive the finest, they have adopted cutting-edge technology from industry leaders such as Infosys, Sun, and Wipro. These highly reliable technologies allow us to provide world-class, non-stop services.  

Karnataka Bank- Network

Karnataka Bank Limited is a private-sector bank. It is a Commercial Bank headquartered in Mangaluru, Karnataka, India. It operates 885 ATMs, 890 branches, 563 Cash Recyclers, 1 Extension Counter, and 546 e-lobbies in various states and two UTs. It employs 8,519 people and serves more than 11 million clients nationwide. Around 146,000 people privately hold their shares.

They have specialized branches such as Agricultural Development, Industrial Finance, Overseas, Designated Foreign Exchange, Asset Recovery Management, Currency Chest, Corporate Finance, 

Karnataka Bank- Products and Services

Karnataka Bank Limited offers business banking products and services such as Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Operations, which are the bank’s four business sectors. It accepts savings and current accounts, deposits, ordinary non-resident accounts, cash certificates, non-resident rupee accounts, and foreign capital accounts.

It provides loan products such as vehicle, home, MSME, education, personal, mortgage, women entrepreneur, gold, and other loans, as well as property and fixed deposit loans. The bank also offers deposit-only, debit, credit, gift, remittance, image, and travel cards, as well as life, health insurance, general, and other services. 

Furthermore, it provides FX services such as shipment, export bills, export LC advice, inward remittance facility, import bill collection, and outward remittances. It also provides agricultural loans and other services such as Internet banking, mutual funds, Demat accounts, locker facilities, and money transfer services.

Karnataka Bank’s share price increased by 3.15% compared to the previous share price of Rs. 76.1. Karnataka Bank’s share price has risen by 11.43% in the last month.