About us

At Karnataka Bank, we value your uniqueness. Whether you're a small business or have big aspirations, we treat each customer as an individual, offering tailored choices in products, services, and interactions. We recognize your evolving lifestyle and deliver top-notch professionalism and service

About us

Our commitment towards excellence

Our vision

Our vision is to be a progressive, prosperous and well governed bank.

Our mission

Our mission is to be a technology savvy, customer centric progressive bank with a national presence, driven by the highest standards of corporate governance and guided by sound ethical values.

A century of banking

Karnataka Bank Limited, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on 18th February 1924 at Mangaluru, a coastal town of Dakshina Kannada district in Karnataka State. The bank took shape in the aftermath of patriotic zeal that engulfed the nation during the freedom movement of 20th century India.

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2023-24
  1. Incorporated on 18-02-1924
  2. Commenced business on 23-05-1924 at Dongerkery, Mangaluru
  1. Maiden dividend of 6.25% declared for the year 1925
  1. Second branch of the Bank opened at George Town — Madras on 24 March 1930
  1. Third branch of the Bank opened at Car Street — Udupi on 16 January 1934
  1. KSN Adiga was appointed as Director of the Bank
  1. First branch in Bangalore opened at Kempe Gowda Road
  1. Silver Jubilee Year of the Bank — Total deposits were ₹56 lakh and advances were ₹41 lakh with 9 branches
  1. The Bank’s total business turnover crossed ₹1 crore
  1. The Bank was included in the Second Schedule of the Reserve Bank of India Act, 1934, on 6 January 1958
  2. K S N Adiga became the Chairman of the Bank on 23 November 1958
  1. The Bank was upgraded from D Class to C Class
  1. Sringeri Sharada Bank Ltd. (HO Sringeri), which had 4 branches, was taken over on 1 April 1960
  1. Chitaldurga Bank Ltd. (HO Chitaldurg), the first ever registered bank (1870) in Karnataka State, with deposits of ₹56,000 and advances of ₹96,000 was taken over on 30 December 1964
  1. Bank of Karnataka Ltd. (HO: Hubli), which had 14 branches, deposits of ₹1.01 crore and advances of ₹0.56 crore, was taken over on 30 December 1966
  1. The Bank was upgraded from C Class to B Class
  1. Paid up capital enhanced from ₹15 lakh to ₹20 lakh
  1. 100th branch of the Bank was opened at Melpal on 6 December 1971
  2. The Bank opened its first branch in Bombay at Fort
  3. K S N Adiga appointed as full-time Chairman and Chief Executive of the Bank
  1. The Bank’s own multi-storied Head Office building built at a cost of ₹20 lakh was inaugurated by Hon’ble Minister of Railways Mr T A Pai
  1. Golden Jubilee Year of the Bank — Total deposits were ₹33.14 crore and advances were ₹22.09 crore with 146 branches and 1,314 employees
  1. 150th branch of the Bank opened at Bagalkot on 17 September 1975
  1. Authorized capital increased to ₹1 crore
  2. First regional office of the Bank was opened at Bangalore
  1. The Bank adopted this emblem designed by Dr K Shivarama Karantha (noted Kannada writer and Jnanapeeta Awardee). The emblem was conferred by H H Jagadguru Abhinava Vidya Theertha Swamiji of Shri Sringeri Mutt.
  2. 200th branch of the Bank opened at Narve on 24 October 1977
  3. The Bank entered into foreign exchange business
  4. Central Foreign Exchange Department was set up in Bangalore
  5. The Staff Training College started at Mangalore on 27 September 1977
  1. The Bank opened its first branch in Delhi at Connaught Place
  2. CFED shifted to Mumbai and named as International Division
  3. The Bank’s turnover crossed ₹100 crore
  1. K S N Adiga, Chairman, retired from the services of the Bank on 5 February 1979 after 33 years of service
  2. Central Foreign Exchange Department was shifted from Bangalore to Bombay on 2 July 1979
  3. 1979 was an eventful year as deposits crossed ₹100 crore mark (₹104.24 crore as on 31 December)
  1. Regional offices opened at Hassan (Shifted to Shimoga in 1984), Hubli, Mangalore, Mysore and Madras
  1. 250th branch of the Bank opened at Koramangala Layout, Bangalore
  1. Diamond Jubilee Year of the Bank — Total deposits of the Bank crossed ₹200 crore
  2. House magazine “Abhyudaya” launched
  1. Total deposits of the bank crossed ₹300 crore
  1. Total deposits of the bank crossed ₹350 crore
  1. The Bank’s deposits crossed the coveted figure of ₹400 crore and reached ₹424.43 crore
  2. Borivali, Bombay branch was declared as the first Model Branch on 5 March
  1. Authorized capital increased to ₹5 crore and paid up capital increased to ₹4.5 crore, being the highest among the private sector banks
  2. Two new deposit schemes — Suvarna Nidhi and Ready Money — were launched
  3. Krishi Card, an easy and quick substitute for crop loan, was introduced
  4. Merchant Banking Division started
  5. Deposits of the Bank crossed the prestigious mark of ₹500 crore
  1. Authorized capital increased to ₹5 crore and paid up capital increased to ₹4.5 crore, being the highest among the private sector banks
  2. Two new deposit schemes — Suvarna Nidhi and Ready Money — were launched
  3. Krishi Card, an easy and quick substitute for crop loan, was introduced
  4. Merchant Banking Division started
  5. Deposits of the Bank crossed the prestigious mark of ₹500 crore
  1. Deposits of the Bank crossed ₹840 crore
  1. First Currency Chest — the first in Karnataka by any private sector bank — opened at Bangalore on 17 May
  2. First overseas branch opened at Bombay on 12 August
  3. Deposits crossed prestigious figure of ₹1,000 crore
  4. Regional office at Bombay started functioning at Andheri (West) at our own premises
  1. First service branch opened at Bombay on 10 September
  2. First industrial finance branch opened at Bangalore on 20 March
  1. Our Chikmagalur branch designated as the 1st agricultural development branch
  2. Public issue of 45 lakh equity shares in Oct 1995, then paid up capital raised from ₹4.5 crore to ₹13.5 crore
  1. 300th branch at Bangalore-Vijayanagar opened
  1. Founder’s Day was celebrated on 23 May 1998 to synchronize with the Platinum Jubilee Year celebration
  2. The KSN Adiga Smaraka Bhavana was inaugurated at Kadri Road, Mangalore for housing a branch, regional office, and staff apartments
  1. Regional office was inaugurated on 15 March 2000 at New Delhi with a net work of 15 branches and started functioning w.e.f. 1 April 2000
  1. Opened the Bank’s data center at Bangalore
  2. The new exciting technology platform “Finacle” was unveiled in collaboration with Infosys Technologies Ltd., Bangalore on 21 October 2000 at the Bank’s own data center at K H Road, Bangalore
  3. 350th Branch at Mysore-Vivekanandanagar opened
  1. Business turnover crossed ₹10,000 crore
  2. Highest dividend of 60% was declared
  3. International inward money transfer services were launched in partnership with Western Union Financial Services Inc., USA
  4. Employees group insurance scheme introduced for the employees of the Bank
  1. ATM services were introduced by installation of 12 own ATMs on 27 January 2003 besides partnership with Corporation Bank on 15 November 2002
  2. The Bank’s capital raised from ₹13.5 crore to ₹40.49 crore by issue of 1,34,86,222 bonus shares (in the ratio of 1:1) of ₹10 each fully paid
  3. Offered shares on rights basis in the ratio of 1:2
  4. Became a corporate agent for marketing life insurance policies of MetLife India Insurance Co. (P) Ltd. on 28 September 2002
  1. Head Office was shifted to a new Bank-owned multi-storied Corporate Office at Mahaveer Circle, Mangalore 2
  2. The Bank adopted the mission statement:
“Our mission is to be a technology-savvy, customer-centric, progressive bank with a national presence, driven by the highest standards of corporate governance and guided by sound ethical values”
  3. Introduction of MBB, K-Flexi deposits, K-Power
  1. Two asset recovery management branches are opened (1 each) at Mumbai and Chennai
  2. Total computerization of all branches
  3. Introduced multicity cheque payable at par at 200 branches of 90 centers across India
  4. Launched MoneyPlant Visa International Debit Card on 29 March 2005
  5. Offered shares on rights basis in the ratio of 2:1
  1. The Bank starts live operations under Real Time Gross Settlement (RTGS) system of Reserve Bank of India
  2. MoneyClick Internet Banking was launched on 28 October 2005
  3. Forayed into DP (Demat) activity under the aegis of Central Depository Services (India) Ltd. (CDSL) on 16 March 2006
  4. Business turnover crossed ₹21,000 crore
  5. The Bank is No. 1 among the old private sector banks as per the KPMG Survey of Business Today
  6. The Bank is the 19th Best Bank as pointed out by KPMG survey of country’s best banks
  1. The Bank completed the deployment of Finacle core banking solution at all the branches & became 100% CBS
  2. Online booking of Indian railway tickets through the Bank’s internet banking portal
  1. Introduced SMS alerts facility, online shopping facility, online payment in merchant establishments, e-Hundi
  2. The Bank has white label agreement with Calyon Bank (belonging to the Credit Agricole Group of France) to provide risk management services, which enables our Bank to provide hedging products like derivatives to our customers
  3. Opened central processing center at Mangalore
  4. Business turnover crossed ₹25,000 crore
  1. The Bank launched KBL QuikRemit, a web based inward remittance facility for NRIs residing in Canada, UK & USA for easy remittance of money from abroad through Payquik.com Inc.
  2. The Bank has successfully implemented the three-way data replication process aimed at zero data loss
  3. Installed CIS software at all branches for credit proposals
  4. Cheque Truncation System started as pilot project at Delhi
  1. Introduction of MoneyPlant International Gold Debit Card, m-commerce, e-commerce
  2. Introduction of deposit products, KBL Kishore, KBL Tarun, KBL Salary Privilege, SB Money Platinum, CA Money Platinum
  3. 200th ATM at Salem-Fairlands
  4. 450th Branch at Tambaram (Tamil Nadu State)
  1. Introduction of deposit products, KBL Vanitha
  2. Introduction of loan products, KBL Mortgage, KBL Mahila Udyog, KBL Instant Agri Credit, KBL Agri Gold
  3. Launched KBL Mpower biometric smart card at Babbur Grama in Hiriyur Taluk of Chitradurga District
  4. Rights issue in the ratio of 2:5 at a price of ₹85
  1. Business turnover crossed ₹50,000 crore
  2. Introduction of point of sale (POS) network facility
  3. Launched KBL Gift Card and KBL Travel Card
  4. Launched K-Family Care, a unique health insurance policy by Universal Sompo General Insurance Co Ltd, specially designed and exclusively marketed to customers of our Bank
  1. Commenced to act as a Self Certified Syndicate Bank (SCSB) by providing the facility of Application Supported by Blocked Amount (ASBA)
  2. Launched KBL Mobile, a mobile banking solution
  3. Launched a corporate caller tune as a part of a new initiative in the branding exercise of the Bank
  4. The Bank has raised ₹250 crore by issue of non-convertible subordinated debt instruments in the nature of debenture (lower tier 2 bonds) with a tenor of 10 years on private placement basis
  1. Introduction of Basic Savings Bank Deposit Account and SB Small Account
  2. Introduction of loan products named MSE Support, Kisan Mitra, Krishik Godham
  3. Installed IVR (Interactive Voice Response) system at our customer care center, Bangalore, to improve the efficiency of customer service through phone banking
  4. Converted New Delhi – Connaught Place branch into a corporate finance branch
  1. The Bank opened its first e-Lobby (24x7 banking services) at Bengaluru – Jayanagar 9th Block on 19 March 2015
  2. Opened 1000th MoneyPlant ATM at Chamundi Hills, Mysuru on 30 March 2015
  3. The Bank achieved a business turnover of ₹75,000 crore on 31 December 2014
  4. The Bank celebrated the centenary year of Late K S N Adiga, Doyen of the Bank, on 5 November 2014
  1. The Bank gets ISO 27001:2013 certificate from UKAS Management Systems, a UK based accreditation certifying body, on 8 June 2015
  1. The Bank launched its KBL POS Manager mobile app for its POS (EDC) merchants on 4 August 2016
  2. The Bank launched its KBL SMARTz UPI app on 25 August 2016
  3. Rights issue in the ratio of 1:2 at a price of ₹70 from 07 November 2016 to 28 November 2016
  4. Opened Centralized Account Verification Cell (CAVC) at Mangaluru on 14 October 2016
  1. Chikkamagaluru Branch – Golden Jubilee celebration on 6 May 2017
  2. The Bank launched KBL Image Debit Card on 29 June 2017
  3. The Bank launched “Met Loan & Life Suraksha” single premium plan and mobile app on 20 July 2017
  1. The Bank launched Deposit Only Card on 14 June 2018
  2. The Bank launched Cash@POS facility on 9 July 2018
  3. The Bank launched DigiLocker account facility through its MoneyClick Internet Banking facility on 19 July 2018
  4. The Bank integrated its education loan with Govt of India’s Vidya Lakshmi portal on 23 June 2018
  5. The Bank’s customer base crossed 1 crore
  6. The Bank launched the KBL Mobile Plus mobile banking app on 1 January 2019
  7. The Bank introduced the KBL TASC Account on 15 November 2018
  1. The Bank posts an all-time high annual net profit of ₹477.24 crore for the FY2018-19
  2. The Bank launches KBL SB Salary Account with 3 variants
  3. The Bank launched VASOOL SO-Ft web tool for initiating & monitoring recovery action in NPA accounts on 1 July 2019
  4. The Bank posted an all-time high Q1 net profit of ₹175.42 crore
  5. The Bank launched online platform for sale of mutual funds with Fisdom on 2 August 2019
  6. The Bank’s in-house magazine ‘Abhyudaya’ awarded as the Best In House Magazine by BTVI
  1. The Bank launches RuPay National Common Mobility Card (NCMC), a contactless debit card
  2. Mahabaleshwara M S, MD & CEO of Karnataka Bank, conferred with the CEO of the Year Award
  3. The Bank operationalizes its wholly owned non-financial subsidiary – KBL Services Ltd.
  1. Karnataka Bank qualifies to act as ‘Agency Bank’ to facilitate government business transactions
  2. Mswipe’s Android-based POS device, WisePOS Go to benefit Karnataka Bank SME customers with seamless digital acceptance and payment solutions
  3. Karnataka Bank awarded at the 19th edition of Asia Pacific HRM Congress
  4. Karnataka Bank awarded for digital payments by GoI
  5. Karnataka Bank launches Online KYC updation portal
  1. Launched online savings account opening facility through video-based customer identification process (V-CIP)
  2. The Bank’s two digital banking units (DBU) dedicated to the nation by Hon’ble Prime Minister Narendra Modi
  3. Released the centenary emblem on 1 November 2022
  1. The Bank has been authorized by Reserve Bank of India for collection of direct and indirect taxes on behalf of CBDT and CBIC
  2. The Bank attains record-breaking annual net profit of ₹1,179.68 crore for FY2022-23, marking a milestone year ahead of its centenary
  3. The Bank inaugurates the Technology & Digital Hub at Bengaluru
  4. Door-step gold loan facility launched in collaboration with SahiBandhu
  5. The Bank inks a pact with HDFC Life Insurance Company Ltd. to distribute life insurance products
A century of banking
A century of banking

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2023-24

Srikrishnan Hari Hara Sarma, MD & CEO

“We are looking at making the bank an entrepreneurial startup-like institution from a legacy bank.The bank has been profitable from its existence and now we are looking at transforming the bank into an entrepreneurial institution from its culture to operations which will give us immense opportunities for growth.”

Hear from our leaders

Meet our dedicated team

Discover the faces behind your financial success

P. Pradeep Kumar

Mr. P. Pradeep Kumar

Part Time Chairman (Independent Director)

Srikrishnan Hari Hara Sarma

Mr. Srikrishnan Hari Hara Sarma

Managing Director & Chief Executive Officer

Sekhar Rao

Mr. Sekhar Rao

Executive Director

View all members

Celebrating excellence

Explore our awards and achievements

  • ET Edge Iconic Brands of India 2023

    Iconic Brand

  • Infosys Finacle Innovation Awards 2023

    Transformation Excellence

  • Infosys Finacle Innovation Awards 2023

    Process Innovation

  • Infosys Finacle Innovation Awards 2023

    Channel Innovation

View all awards

Making a difference

Explore KBL’s community initiative

Support towards the construction of school building

Support towards the construction of school building

Supporting access to healthcare in Udupi

Supporting access to healthcare in Udupi

Contribution to Solid Waste Management

Contribution to Solid Waste Management

Explore all initiatives