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Tag: Karnataka Bank

Karnataka Bank starts CASA campaign

November 19, 2020
Karnataka Bank
  • Karnataka Bank started CASA (current account, savings account) mobilization campaign which will begin from November 17 to March 4, 2021.
  • The bank declared that it intends to mobilise over 4.10 lakh current and savings accounts with an accretion of 650 crores of business.

Karnataka Bank originates KBL Micro Mitra for micro-enterprises

June 24, 2020
Karnataka Bank
  • Karnataka Bank has started a new item KBL Micro Mitra, wherein financial support up to Rs.10 lakhs can be given to the Micromanufacturing and service enterprises either for functioning capital or for investment purposes.

RBI puts penalties on Bank of India, Karnataka Bank, Saraswat Cooperative Bank for non-compliance

May 31, 2020
Reserve Bank Of India (RBI)
  • The Reserve Bank of India (RBI) put monetary penalties on Bank of India, Karnataka Bank and Saraswat Cooperative Bank for non-compliance on Income Recognition and Asset Classification (IRAC) measures.

Karnataka Bank reappoint Mahabaleshwara M S as MD and CEO for 3 yrs

April 12, 2020
Karnataka Bank
  • Karnataka Bank has got Reserve Bank of India nod for reappointment of Mahabaleshwara M S as MD and CEO for the next 3 years.
  • Mahabaleshwara accepted the charge as MD & CEO of Karnataka Bank on April 12, 2017, and has over 29 years of banking experience both at administrative and operational levels.