Karnataka Bank

This bank is located in Mangalore town of Karnataka in India and has had its fair portion of India’s growing economy.

Recently it was rated by reserve bank of India as the A- class under the commercial banks in the country.

The bank has managed to expand and has over 436 braches in the nineteen states and not forgetting the two union territories in the country.

The bank was established in the year 1924 on this coastal town in Dakshina Kannada district of the olden Madras Presidency with B. R. Vysarayachhar as one of its founders as a member of private banks India.

With its chairman a Mr K S N Adiga between the year 1958 and 1979, the bank realized great growth to make great strides to get it to where its now.

With a record 4800 employees and 3.5 million customers, the bank boasts of high stakes in the banking system where the challenges, say competition from business partners is nothing of concern at the present.

Its customer base is very wide, it comprises of artisans and farmers who make small earnings on a daily basis and sometimes on all fronts.

The share holding of the bank is of private nature hence no government interference what –so-ever. It has a whooping 68,942 shareholders. The bank has a number of services covering international regions hence enabling non Indians residents make money transfers to their loved ones at home.

This service covers Canada, USA, and United Kingdom. The online service is well maintained and operates for twenty four hours and is normally referred to as moneyclick in India and ultimately puts it above the rest in private banks India.

Multi-branch banking is also available which is made possible by the networked system within the bank branches and external banks too, fixed deposits are provides for people who want to keep their income for a longer period without disturbing the bank, insurance linkages services are no exception, cumulative deposits, ready money deposits, K-Flexi deposit and finance schemes of the cars is also available.

With the current financial strains almost hanging most world economies, the bank has combined efforts with Metlife India Insurance company private limited to provide life policies to the people.

The bank also provides general solutions of insurance in collaboration with Bajaj Allianz general insurance company limited and the western money transfer services.

The bank has demonstrated that it can compete well in the business without fear or reluctance to enhance the lives of the Indian people and the world in general.