About us

Incorporated on 18-2-1924

Commenced Business on 23-05-1924 at Dongerkery, Mangalore

Maiden dividend of 6.25% declared for the year 1925

2nd branch of the bank opened at Madras – George Town on March, 24.

3rd Branch of the bank opened at Car Street-Udupi on January, 16.

Shri KSN Adiga was appointed as Director of the Bank

1st branch in Bangalore opened at Kempe Gowda Road

SILVER JUBILEE YEAR of the bank. Total deposits were Rs.56 lakhs and advances Rs.41 lakhs with 9 branches.

Bank’s total Business Turnover crossed Rs 1 crore

Bank was included in the Second Schedule of the Reserve Bank of India Act, 1934, on 6th January.

Shri K S N Adiga became the Chairman of the bank on November 23.

Sringeri Sharada Bank Ltd., (HO Sringeri) which had 4 branches, was taken over on April 1.

Chitaldurga Bank Ltd., (HO Chitaldurg) the first ever registered bank (1870) in Karnataka State, with Deposits of Rs.56,000/- & Advances of Rs.96,000/- was taken over on December 30.

Bank of Karnataka Ltd., (HO: Hubli) which had 14 branches and deposits of Rs.1.01 crores and advances of Rs.0.56 crores was taken over on December 30.

Bank’s turnover crossed Rs 10 crore

The Bank was upgraded from ‘C’ class to ‘B’ class.

Paid up capital enhanced from Rs 15 lakh to Rs 20 lakh

100th branch of the Bank was opened at Melpal on Dec.6.

The bank opened its first branch in Bombay at Fort.

Shri K S N Adiga, appointed as fulltime Chairman and Chief Executive of the Bank.

The Bank’s own multi-storeyed Head Office building built at a cost of Rs.20 lakhs was inaugurated by Hon’ble Minister of railways Shri T A Pai.

Prestigious branch attached to Head Office opened at Kodialbail on February 18.

Bank was upgraded from ‘B’ class to ‘A’ class.

GOLDEN JUBILEE YEAR of the Bank. Total deposits were Rs.33.14 crores and advances Rs.22.09 crores with 146 branches and 1314 employees.

150th Branch of the Bank opened at Bagalkot on Septer 17.

Authorised Capital increased to Rs 1 crore

First Regional Office of the Bank was opened at Bangalore.

The Bank adopted this emblem designed by Dr K Shivarama Karantha [noted Kannada writer & Jnanapeeta Awardee]. The emblem was conferred by H H Jagadguru Abhinava Vidya Theertha Swamiji of Shri Sringeri Mutt.

200th Branch of the Bank opened at Narve on October 24.

The bank entered into Foreign Exchange Business.

Central Foreign Exchange Department was set up in Bangalore.

The staff Training College Started at Mangalore on September 27.

The Bank opened its first branch in Delhi at Cannaught Place.

CFED shifted to Mumbai & named as International Division

Bank’s turnover crossed Rs 100 crore

Shri K S N Adiga, Chairman, retired from the services of the Bank on February 5, after 33 years of service.

Central Foreign Exchange Department was shifted from Bangalore to Bombay, in July 2.

1979 was an eventful year as deposits crossed Rs.100 crores mark (Rs.104.24 crores as on December 31).

Regional Offices opened at – Hassan (Shifted to Shimoga in 1984), Hubli, Mangalore, Mysore & Madras.

250th branch of the bank opened at Kormangala Layout, Bangalore.

DIAMOND JUBILEE YEAR of the bank. Total deposits of the bank crossed Rs.200 crores.

House Magazine “Abhyudaya” launched

Total deposits of the bank crossed Rs.300 crores.

The deposits of the bank crossed Rs.350 crores.

Bank’s deposits crossed the coveted figure of Rs.400 crores and reached Rs.424.43 crores.

Bombay-Borivili branch was declared as the first Model branch on March 5.

Authorised Capital increased to Rs.5 crores and paid up capital increased to Rs.4.5 crores, being the highest among the private sector banks.

Two new deposit schemes viz. SUVARNA NIDHI and READY MONEY Were launched.

KRISHI CARD an easy and quick substitute for crop loan was introduced.

Merchant Banking Division started.

Deposits of the Bank crossed the prestigious mark of Rs.500 crores.

Deposits of the bank increased to Rs.593.34 crores.

Deposits increased to Rs.731.80 crores registering a record rise of 23.33%.

Bank’s turnover crossed Rs 1,000 crore

Authorised capital increased to Rs.10 crores.

Deposits of the bank crossed Rs.840 crores.

Stock-Invest Scheme introduced.

First Currency Chest – the first in Karnataka by any Private Sector Bank opened at Bangalore on May 17.

First Overseas branch opened at Bombay on August 12.

Deposits crossed prestigious figure of Rs.1000 crores.

Regional Office at Bombay started functioning at Andheri (West) at our own premises.

First Service Branch opened at Bombay on Sept. 10.

First Industrial Finance Branch opened at Bangalore on March 20.

Our Chikmagalur branch designated as the 1st Agricultural Development Branch

Public issue of 45 lakh equity shares in Oct 1995, then Paid Up Capital raised from Rs 4.5 crore to Rs 13.5 crore.

300th Branch at Bangalore-Vijayanagar opened

Founder’s day was celebrated on 23rd May 1998 to synchronise with “PLATINUM JUBILEE YEAR CELEBRATION”.

The ‘KSN ADIGA SMARAKA BHAVANA’ was inaugurated at Kadri Road, Mangalore for housing a branch, Regional Office and Staff Apartments.

Regional Office was inaugurated on 15-3-2000 at New Delhi with a net work of 15 branches and started functioning w.e.f. 1-4-2000.

Opened Bank’s Data Centre at Bangalore

The new exciting technology platform “FINACLE” in collaboration with Infosys Technologies Ltd., Bangalore was unveiled on 21.10.2000 at Bank’s own Data Centre at K.H. Road, Bangalore.

350th Branch at Mysore-Vivekanandanagar opened

Business turnover crossed Rs 10,000 crore

Highest Dividend of 60% was declared.

International Inward Money Transfer Services were launched through tie-up arrangement with M/s Western Union Financial Services INC, USA.

Employees Group Insurance Scheme introduced for the employees of the Bank

ATM services were introduced by installation of 12 own ATMs on January 27, 2003 besides tie-up arrangement with Corporation Bank on November 15, 2002.

Bank’s capital raised from Rs.13.5 crores to Rs.40.49 crores by issue of 1,34,86,222 bonus shares (in the ratio of 1 : 1) of Rs.10 each fully paid.

Offered shares on rights bases in the ratio of 1 : 2

Became Corporate Agent for marketing Life policies of M/s Metlife India Insurance Co. (P) Ltd on 28.09.2002

Head Office was shifted to new Bank’s own multi-storeyed Corporate Office at Mahaveer Circle, Mangalore 2.

A 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” was adopted

New signage (Name Board) of the Bank with unique colour and design as a part of brand exercise was introduced.

Introduction of MBB, K-Flexi deposits, K-Power

Took up Corporate Agency of M/s Bajaj Allianz General Insurance Ltd for marketing General Insurance products

2 Asset Recovery Management Branches are opened (1 each) at Mumbai and Chennai.

Customer Care Centre has been opened at Bangalore K.H.Road

Total computerization of all branches

Introduced Multicity cheque payable at par at 200 branches of 90 centres across India

Launched MoneyPlant VISA International Debit Card on 29.03.2005

Bank inks pact with India Switch Company for outsourcing ATMs

Offered shares on rights basis in the ratio of 2 : 1.

Bank starts live operations under Real Time Gross Settlement (RTGS) System of Reserve Bank of India

Internet Banking Money Click was launched on 28-10-2005

Forayed into DP (Demat) activity under the aegis of Central Depository Services (India) Ltd. (CDSL) on 16-03-2006

Business turnover crossed Rs 21,000 crore

Bank is No. 1 among the old private sector banks as per the KPMG Survey of Business Today

Bank is in 19th Best Bank as pointed out by KPMG Survey of country’s Best Banks

Bank completed deployment of “FINACLE” – Core Banking Solution at all the branches & became 100% CBS

Online booking of Indian Railway Tickets through Bank’s Internet Banking

Tie up with Franklin Templeton (I) Private Limited for distribution of their mutual funds

Floated General Insurance Joint Venture along with Allahabad Bank, Indian Overseas Bank, Dabur Investments & Sompo Japan Insurance in November 2006

Introduced SMS alerts facility, Online shopping facility, Online payment in Merchant Establishments, e-Hundi

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

Opened Central Processing Centre at Mangalore

Business turnover crossed Rs 25,000 crore

Bank has launched KBL – QuikRemit, a web based inward remittance facility for NRIs residing in Canada, UK & USA for easy remittance of money from abroad through M/s Payquik.Com.Inc.

Bank has successfully implemented the three-way data replication process aimed at zero data loss

Installed CIS software at all branches for credit proposals

Cheque Truncation System started as pilot project at Delhi

Introduction of MoneyPlant International Gold Debit Card, m-commerce, e-commerce

Introduction of Deposit products KBL – Kishore, KBL – Tarun, KBL – Salary Privilege, SB – Money Platinum, CA – Money Platinum

200th ATM at Salem-Fairlands

450th Branch at Tambaram [Tamilnadu State]

Introduction of Deposit products KBL-Vanitha

Introduction of Loan products KBL – Mortgage, KBL- Mahila Udyog, KBL-Instant Agri Credit, KBL – Agri Gold

launched KBL-Mpower Bio-metric Smart Card at Babbur Grama in Hiriyur Taluk of Chitradurga District

Opened Bank’s 9th Regional Office at Hyderabad

Rights issue in the ratio of 2 : 5 at a price of Rs 85/-

Business turnover crossed Rs 50,000 crore

Tied up with M/s Way2Wealth Brokers Pvt Ltd, a subsidiary of M/s Way2Wealth Securities Pvt Ltd, to provide online trading facility to our Demat account customers

Introduction of Point of Sale network facility

Launched KBL-Gift Card & KBL-Travel Card

Launched K-Family Care, a unique Health Insurance Policy by M/s Universal Sompo General Insurance Co Ltd, specially designed and exclusively marketed to customers of our bank

Commenced to act as a Self Certified Syndicate Bank (SCSB) by providing the facility of Application Supported by Blocked Amount (ASBA)

Launched “KBL Mobile”, a mobile banking solution

Launched a Corporate Caller Tune as a part of a new initiative in the branding exercise of the bank

Bank has raised Rs 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

Bank has started Exporters’ meet at various potential centres, jointly organized by our Bank & Federation of Indian Export Organisation (FIEO)

Introduction of Basic Savings Bank Deposit account & SB-Small account

Introduction of loan products named MSE Support, Kisan Mitra, Krishik Godham

Bank has tied up with Times of Money to offer an internet based online money transfer solution, ‘Remit2India’, to NRIs 

Installed IVR [Interactive Voice Response] system at our customer care centre Bangalore, to improve the efficiency of customer service through phone banking

Converted New Delhi – Connaught Place Branch into Corporate Finance Branch

Bank opened its first e-Lobby – 24x7 Banking Services at Bengaluru – Jayanagar 9th Block on 19-03-2015.

Opening of 1000th Moneyplant ATM at Chamundi Hills, Mysuru on 30-03-2015.

Bank achieved Business Turnover of Rs. 75,000 crores on 31-12-2014.

Bank celebrated the centenary year of Late K S N Adiga, Doyen of the Bank on 05-11-2014.

Bank entered in to Memorandum of Understanding with New India Assurance Co Ltd to introduce “Pradhan Mantri Suraksha Bima Yojna” to its customers on 30-04-2015.

Bank entered in to Memorandum of Understanding with LIC of India to introduce “Pradhan Mantri Jeevan Jyoti Bima Yojna” to its customers on 30-04-2015.

Bank opened its 11th Regional Office at Udupi on 13-04-2015.

Bank opened its 12th Regional Office at Tumakuru on 16-04-2015.

Bank gets ISO 27001:2013 Certificate from UKAS, Management Systems, a UK based accreditation certifying body, on 08-06-2015. 

Bank launched its KBL POS Manager Mobile App for its POS [EDC] Merchants on 04-08-2016.

Bank launched its KBL-SMARTz UPI App on 25-08-2016.

Bank entered in to Memorandum of Understanding with M/s Birla Sun Life Asset Management Company Ltd, M/s UTI Mutual Fund and M/s LIC Mutual Fund Asset Management Co Ltd., for extending mutual fund business on 27-09-2016.

Rights issue in the ratio of 1 : 2 at a price of Rs 70/- from 07-11-2016 to 28-11-2016.

Opened Centralised Account Verification Cell [CAVC] at Mangaluru, on 14-10-2016.

Shri P Jayarama Bhat, appointed as the Chairman [Part Time, Non –Executive] w.e.f 12-04-2017.

Shri Mahabaleshwara M S, appointed as the Managing Director & CEO of the Bank, w.e.f 15-04-2017.

Chikkamagaluru Branch – Golden Jubilee Celebration function held on 06-05-2017.

Bank inks Memorandum of Understanding with HDFC Capital Asset Management Limited (HDFCAML) for extending Mutual Fund Business on 22-05-2017.

Bank inks Memorandum of Understanding with LIC of India, for Life Insurance Business on 22-05-2017.

Bank launched KBL – Image Debit Card, on 29-06-2017.

Bank launched “Met Loan & Life Suraksha” Single Premium Plan and mobile app on 20-07-2017.

Bank launched its official page on FaceBook, Twitter, Instagram and YouTube, on 16-08-2017.

Bank launched revamped website on 19-10-2017.

Bank launches Deposit Only Card on 14-06-2018.

Bank launches Centralised Account Opening Process[CAVC] on 02-07-2018.

Bank launches Cash@POS facility on 09-07-2018.

Bank launches DigiLocker Account facility through its MoneyClick [R] Internet Banking on 19-07-2018.

Bank integrates its education loan scheme with Govt of India’s Vidya Lakshmi Portal on 23-07-2018.

Bank opens its Currency Chest Campus, at Dongerkery, Mangaluru on 15-06-2018.

Bank’s customer base crosses One Crore.

Bank launches “KBL-FORCE” , a Lead Management System on 01-10-2018.

Bank launches new Mobile Banking Application – ‘KBL Mobile Plus’ on 01-01-2019.

Bank introduces new SB Scheme “KBL-TASC” on 15-11-2018.

Bank partners with Karvy DigiKonnect for contact Centre Services on 16-03-2019.

Bank Ties up with Bharti AXA Life Insurance Company Limited for Life Insurance Business on 02-04-2019.

Bank posts an all time high annual net profit of Rs. 477.24 crores for the F.Y 2018-19.

Bank launches KBL SB Salary Scheme in 3 variants.

Bank launches VASOOL SO-Ft web tool for initiating & monitoring recovery action in NPA accounts on 01-07-2019.

Bank Posts all time high Q1 Net Profit of Rs.175.42 Crores.

Bank launches online platform for sale of Mutual Fund with ‘FISDOM’ on 02-08-2019.

Bank opened its 13th Regional Office at Ahmedabad on 21-05-2019.

Bank opened its 14th Regional Office at Kalaburagi on 22-05-2019.

Shri Mahabaleshwara M S, Managing Director & CEO, inducted to the Managing Committee of Indian Banks’ Association, [IBA] Mumbai on 11-09-2019.

Bank’s In House Magazine ‘Abhyudaya’ awarded as the Best In House Magazine by BTVI [Business Television India].

Shri P Jayarama Bhat, re-appointed as the Chairman [Part Time, Non –Executive] of the Bank for the second term, w.e.f 12-04-2020.

Shri Mahabaleshwara M S, re-appointed as the Managing Director & CEO of the Bank for the second term, w.e.f 15-04-2020

Bank appoints Justice A V Chandrashekar and Mr. Pradeep Kumar Panja as Additional Directors.

Bank launches RuPay National Common Mobility Card (NCMC card)-A contact-less debit card.

Mahabaleshwara M.S, MD & CEO of Karnataka Bank conferred with the CEO of the Year Award.

Bank appoints Dr. D S Ravindran as Additional Director.

Bank operationalizes its wholly owned non-financial subsidiary – KBL Services Ltd.

Bank partners with Maruti Suzuki India Limited to extend retail vehicle finance support to its customers.

Karnataka Bank partners with Maruti Suzuki India Limited to extend retail vehicle finance support to its customers.

Karnataka Bank qualifies to act as ‘Agency Bank’ to facilitate Government business transactions.

Karnataka Bank launches KBL FASTag.

Mswipe’s Android-based POS device, WisePOS Go to benefit Karnataka Bank SME customers with seamless digital acceptance and payment solutions.

Karnataka Bank awarded at the 19th edition of Asia Pacific HRM Congress.

Sri P Jayarama Bhat, Part–time Non – Executive Chairman of Karnataka Bank today retired from the service after completing his term approved by the RBI.

Shri Pradeep Kumar assumes charge as Chairman of Karnataka Bank.

Karnataka Bank partners with Toyota Kirloskar Motor Private Limited to extend retail vehicle finance support to its customers.

Karnataka Bank awarded for digital payments by GoI.

Karnataka Bank launches Online KYC updation portal.

Karnataka Bank launches NRI Mobile Banking facility.

Karnataka Bank awarded with Digital Transformation Award by Confederation of Indian Industry [CII].

Karnataka Bank honoured with IBA’s Banking Technology Awards.

Bank’s Risk Management Department has been recognized with ISO 9001:2015 Certification on 18.02.2022.

Bank has won two awards from the Ministry of Electronics & Information Technology, Govt. of India, for its outstanding performance in promoting digital payments.

Bank bagged ‘Infosys Finacle Innovation Award’ for its Customer Journey Re-imagination.

Launched online SB account opening facility through “Vedio based Customer Identification Process (V-CIP)”.

Bank’s two digital Banking Units (DBU) dedicated to the nation by Hon’ble Prime Minister Shri Narendra Modi.

Won 3 National Digital transformation awards (Dx. 2022 Awards)-conferred by Confederation of Indian Industry (CII) for best practice in Digital Transformation.

Released Centenary Emblem on 01.11.2022.

Bank and Hyundai Construction Equipment India Pvt Ltd collaborate for financing machineries/equipment.

Bank wins Indian Banks Association (IBA) Technology Awards.

Bank enables online payment of customs duty.

Bank appoints Mr. Sekhar Rao as Executive Director.

Bank wins ‘Prathista Puraskar – Digidhan Award’ from MeitY for highest percentage in BHIM-UPI transactions.

Bank and Paisalo Digital Limited enter into Co-Lending Agreement.

Bank has been authorized by Reserve Bank of India, for collection of Direct and Indirect Taxes, on behalf of CBDT and CBIC.

Shri Mahabaleshwara M S demits office as MD & CEO of Bank.

Bank appoints Veteran Banker Srikrishnan Harihara Sarma as its New Managing Director & CEO.

Bank attains Record-breaking Annual Net Profit Rs. 1,179.68 crore for FY2022-23, Marking a Milestone Year ahead of its Centenary.

Bank inaugurates Technology & Digital Hub at Bengaluru