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Monday, February 01, 2016

Karnataka Bank bags 4 social banking excellence awards

Mangaluru headquartered Karnataka Bank has said that it has bagged four ASSOCHAM Social Banking Excellence Awards. “Shri P Jayarama Bhat MD & CEO of the Bank received the awards from Hon'ble Minister of State for Finance Shri Jayant Sinha, in a glittering function held on 29-01- 2016, at Mumbai,” the company informed in a filing to the Bombay Stock Exchange. Speaking on the occasion Shri Bhat said, "At Karnataka Bank we believe that integrating social, environmental and ethical responsibilities into business ensures long term success and sustainability. Accordingly, Kamataka Bank continues to engage, in carrying out various social initiatives directed at making a positive impact on both society and business. In line with the vision of our Founders, Bank continues to serve the rural sector by engaging itself in implementation of various government sponsored schemes aimed at rural and agricultural development". The Bank has 710 branches and 1200 ATMS across the country and aims to increase its service outlets to 2,000 by end of the current Fiscal with 725 branches and 1275 ATM5, including 25 e-lobbies. Meanwhile, shares of the company were trading at Rs 99 apiece, up 0.35 per cent from the previous close at 09:32 hours on BSE.