The Karnataka bank is a leading ‘A’ class scheduled commercial bank in India. It was established on 18th February 1924 at Mangaluru, Karnataka state. The bank aims at implementing modernized technology in every banking operation. The bank has Managing Director & CEO as Shri Mahabaleshwara M. S. The Karnataka bank limited network spread across 22 states and 2 Union territories and has 807 branches, 1374 ATMs and 160 e-lobbies/mini e-lobbies. The bank has 8,220 employees and around 9.65 million customers across the country. The bank shares are privately owned by over 1,46,000 shareholders.
The bank received the Sun and NDTV Green IT Award on August 2008. This award was given by the Sun Microsystems and NDTV after recognizing the implementation of green policies and user-friendly technology such as solar power. The bank Tagline is "Your Family Bank Across India".
The bank has honored with an award for "Managing IT Risk" under small bank category for the year 2010-2011 by Institute for Development and Research in Banking Technology (IDRBT). The bank has adopted core banking, Internet banking and has incorporated its Money Plant System throughout the country. The bank has introduced a quick remit facility to transfer money easily for NRI’s living in Canada, US, and the UK. The bank also provided a 24-hour internet banking facility service called Money click.
The bank services include- Multi-branch banking, deposit schemes as- Fixed Deposits, Ready Money Deposit, Abhyudaya Cash Certificate, Cumulative Deposit, Insurance Linked Savings Bank Deposit, K-Flexi Deposit, Platinum Lakhpathi, Soulabhya Deposit, Resident Foreign Currency (Domestic) Account, Senior Citizens Deposit Scheme and NRI Services, Loan schemes as Apna Ghar Home Loans, Vidyanidhi Education Loans Easy Ride, Car Finance Scheme, Varthak Loans, Scheme for salaried persons, K-Power, Lease ‘n’ Encash, InstaCash, Niveshan Loans, Udyog Mithra, Suvarna Nidh,Krishi Card, and VahanaMitra.