Karnataka Bank – Loans

Karnataka Bank Limited
Type Private
BSE: 532652
Industry Banking, financial services
Founded 18 February 1924; 97 years ago (18 February 1924)
Headquarters Mangaluru, Karnataka, India

Key people

Products Retail Banking, Corporate/Wholesale Banking, Treasury Operations, Credit Card, Bancassurance
Revenue Increase5,970.45 crore (US$840 million) (2020)[1]
Increase 1,656.77 crore (14.27%) (2020)[1]
Decrease431.78 crore (US$61 million) (-9.53%) (2020)[1]
Total assets Increase83,313.49 crore (US$12 billion) (2020)[1]

Number of employees

8509 (2020)[1]
Capital ratio 12.66%[1]
Website karnatakabank.com

Karnataka Bank Limited is India’s twelfth largest private sector bank. It is an ‘A’ Class Scheduled Commercial Bank based in Mangaluru in Karnataka, India. Karnataka Bank Limited has a network of 862 branches, 1,026 ATMs and 454 e-lobbies/mini e-lobbies across 22 states and 2 union territories. It has 8,509 employees and over 11 million customers throughout the country. Its shares are privately owned by over 1,46,000 shareholders. The tagline of the bank is “Your Family Bank Across India”.[2][3]

Karnataka Bank Limited has adopted Core banking, Internet banking and has established its “MoneyPlant” [1,026 Automated Teller Machine] system across the country.


Karnataka Bank Limited was incorporated on 18 February 1924, and commenced business on 23 May 1924. Its founders established it at Mangalore, a coastal town in the Dakshina Kannada district of Karnataka.[4] Among the founders, who created the bank to serve the South Kanara region, was B. R. Vysaray Achar.[4] K. S. N. Adiga, who served as the Chairman from 1958 to 1979.[4]

In the 1960s Karnataka Bank Limited acquired three smaller banks. In 1960 Karnataka Bank Limited acquired the Sringeri Sharada Bank, which was established in 1942 had four branches. Four years later, Karnataka Bank Limited took over Chitradurga Bank (also known as Chitladurg Bank), which was established in 1868 in Mysore State and was the oldest bank in Mysore. In 1966 Karnataka Bank Limited took over Bank of Karnataka. Bank of Karnataka was established in 1946 and had opened one branch in Belgaum in 1947. At the time of this acquisition, Bank of Karnataka had 13 branches.

In 2000, Karnataka Bank Limited signed a memorandum of understanding (MoU) with Infosys Technologies to develop a core banking solution called Finacle.[5][6] The main motto of this programme is “Anytime/Anywhere banking”.[6] In the year 2004, the bank introduced the MoneyPlant Debit Card that allows customers to withdraw money from their Karnataka Bank accounts.[5][7]

In September 2003, the bank shifted its head office from Kodialbail to Kankanady.[4][5]


The branches are available in 22 Indian states and 2 Union Territories.
In August 2008, the Karnataka Bank Limited introduced Quick Remit, a facility to make money transfer easy for Non-Resident Indians living in Canada, United States, and the UK.[8][9] The bank also runs a 24-hour Internet banking service called MoneyClick.[10]

Karnataka Bank Limited provides business and personal banking products and services in India. The bank operates in four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. It accepts savings and current accounts, cash certificates, fixed and cumulative deposits, non-resident rupee accounts, ordinary non-resident accounts, and foreign currency accounts; and offers loan products, such as vehicle, home, education, personal, MSME, mortgage, women entrepreneur, gold, and other loans, as well as loans against property and fixed deposits. The bank also provides debit, credit, gift, deposit only, image, and travel cards; life, general, and health insurance products; investments services; and remittance and other services. In addition, it offers forex services, which include pre and post-shipment, export collection bills, export LC advising, inward remittance facility, import letter of credit, import bill collection, buyer’s credit, and outward remittances. Further, the bank provides point of sale service for merchant’s payment solutions: and KBL e-COLLECT, a fee payment processing platform, which enables the institution to offer parents and students a convenient way to pay their fees through a range of payment options. Additionally, it offers various loans for agriculture; and other services, such as Internet banking, mutual funds, demat services, locker facility, and funds transfer services.

Digital banking[edit]

  • KBL Mobile Plus
  • KBL mPassbook
  • KBL POS Manager

C.E.O & M.D/ Chairman[edit]

  • B. R. Vyasaraya Achar (1924-1958)
  • K. Suryanarayana Adiga (23 November 1958 – 15 February 1979)
  • K. N. Basri (15 February 1979 – 19 February 1980)
  • P. Raghuram (16 June 1980 – 15 June 1985)
  • P. Sundar Rao (11 September 1985 – 10 September 1989)
  • H. M. Rama Rao (11 January 1990 – 11 January 1993)
  • U. V. Bhat (28 June 1993 – 27 June 1995)
  • M. S. Krishna Bhat (12 July 1995 – 11 July 2000)
  • Ananthakrishna (13 July 2000 – 11 July 2009)
  • Polali Jayarama Bhat (12 July 2009 – 10 April 2017)
  • Mahabaleshwara M. S (15 April 2017- )

See also[edit]


External links[edit]

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