Karnataka Bank to emerge as digital bank of future: CEO


Team Udayavani, Sep 3, 2021, 1:24 PM IST

 

The city-based leading private sector lender Karnataka Bank is poised to emerge as the ‘digital bank of future’ with end-to-end digital solutions for all its banking activities, bank CEO and managing director M S Mahabaleshwara said on Thursday.

Addressing the 97th annual general meeting at its head office here through video conferencing, he said powered by its IT-driven wholistic transformation ‘KBL Vikaas,’ the bank is now preparing for the second phase under ‘KBL NxT’ concept to have end-to-end digital solutions for all banking activities, according to a bank press release here.

The bank is celebrating its centenary year during 2023-24 and a lot of IT-driven innovative and far-reaching initiatives to mark the celebration are already lined up to lay a strong foundation for the second century of the bank, he said. The bank has declared a dividend of 18 per cent at the meeting. The 97th AGM was presided over by bank chairman P Jayarama Bhat. All the directors of the bank, executives and shareholders participated through the virtual forum, the release said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

BJP slams move to make Karnataka CM as RDPR varsity chancellor replacing Guv

Heavy rains expected in north, central Kerala in next few days

Karnataka cabinet expansion unlikely: Shivakumar

Siddaramaiah meets PM Modi, seeks urgent clearances for two irrigation projects

Report on Sambhal mosque survey likely to be submitted to local court; security tight in district

CCI orders probe against Google, affiliates for ‘unfair’ business practices in gaming apps’ listing on Play Store

Mahayuti leaders finalize power sharing pact with Amit Shah; CM’s name awaited

Related Articles More

Sensex, Nifty rebound after deep plunge to settle nearly 1 pc higher

Sensex, Nifty bounce back after sharp correction in previous trade

CCI orders probe against Google, affiliates for ‘unfair’ business practices in gaming apps’ listing on Play Store

Nine Adani Group firms trade higher; Adani Total soars nearly 19 pc

Equity markets rise in early trade amid buying in HDFC Bank, SBI

MUST WATCH

Grafting

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing


Latest Additions

Priyanka, Rahul to address a meeting in Wayanad on Saturday

Protest in Mangaluru condemns arrest of Chinmoy Krishnadas Prabhu in Bangladesh

Doctor-population ratio in country is better than WHO standard: Nadda

Sensex, Nifty rebound after deep plunge to settle nearly 1 pc higher

BJP slams move to make Karnataka CM as RDPR varsity chancellor replacing Guv

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.