At Karnataka Bank, we understand that all customers are different in unique ways, which is why, regardless of the size of your business or your aspirations, we treat every one as individual and special. This means offering you choices, not only in relation to our products and services but also in the way you interact with us. We understand the changes in your lifestyle, recognize these changes and support you with a high standard of professionalism and service.
As a premier bank, we have developed comprehensive range of customized products & services suitable for every kind of market, trade or perceived need - Business or Personal. They include, borrowing facilities, deposits, providing optimum returns on surplus funds or helping with overseas transactions.
We believe in total quality at all levels. We have deployed the most modern information technology to deliver products & services for your benefit with an aim to develop an effective long-term relationship. But most of all, Technology is matched to your expectations of service, for today & for the future.
Karnataka Bank Limited, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on February 18th, 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. Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka.
With over 9 decades of experience at the forefront of providing professional banking services and quality customer service, we now have a national presence with a network of 857 branches spread across 22 states and 2 Union Territories.
Managed by a dedicated & professional management team, we have over 8,220 employees, 1,46,000 shareholders and over 10.21 million customers.
Today, we have emerged as a leading financial service institution in India.
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.
The bank was upgraded from ‘D’ Class to ‘C’ Class.
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
Throughout the years, we have focused on one task, one mission - To Give You The Best in Services and In Products. Among other Banks, it was Karnataka Bank who first realised the importance of having a Centralised Banking system and was among the first to deploy the Core Banking System in the year 2000. This system enabled us to store and process all the customers' accounts from one single place - the Data Centre at Bangalore. To ensure that you have the Best, we have deployed the State-Of-Art technology from the best players in the Industry like Infosys, Sun and Wipro. These systems provide the highest reliability thus enabling us to offer to you Non-Stop services of the highest order.
We have taken a lead and implemented a Disaster Recovery Centre. This centre will replicate the Banks Centralised Banking system and all its data. This centre will also be the backup for the ATM operations. In the event of a natural disaster at Bangalore, this centre will immediately come into force and provide full continuous service. Leaving nothing to chance.
At Karnataka Bank, Business never stops.
We have ensured your business is protected by Non-Stop Banking.
Shri Mahabaleshwara M.S. MD&CEO Customer Communique
Know Your Bank Better
"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."