2017-08-18 :Karnataka Bank ventures into social media
Karnataka Bank has ventured into social media by opening its official pages in social networking sites including Facebook, Twitter, Instagram and YouTube. The official social handle of the bank is @karnatakabank for Twitter and Facebook, and @officialkarnatakabank for Instagram.
2017-08-03 :Karnataka Bank introduces varying interest rates for SB accounts
As a part of its asset liability management, Karnataka Bank has introduced four interest variants on the balances maintained in savings bank account by its customers. For daily balances of above Rs. 1 crore, the rate is revised to 5 per cent from existing 4 per cent while for daily balances from Rs. 50 lakh to Rs. 1 crore, the applicable interest rate is 4 per cent. Similarly, for daily balances in the range of more than Rs. 1 lakh to Rs. 50 lakh the interest rate is reduced to 3.5 per cent from the existing 4 per cent.
2017-07-22 :GST bankruptcy code to help Karnataka Bank post better performance
Karnataka Bank expects to improve its performance with a smooth implementation of GST and the Insolvency and Bankruptcy Code. The regulations are expected to drive growth in business.
2017-07-21 :PNB MetLife launches MLLS for Karnataka Bank customers
Private life insurer, PNB MetLife in association with its partner Karnataka Bank has announced the launch of Met Loan and Life Suraksha (MLLS), a single limited premium plan covering the a customer loan which includes business, home, vehicle and personal loans.The newly launched product will be made available across 769 bank branches for its borrowers.
2017-07-20 :Karnataka Bank to disburse Rs. 6,800 crore farm credit in FY18
Private sector lender, Karnataka Bank is likely to target disbursal of Rs. 6,800 crore of farm credit in FY18.Currently, the bank has managed to achieve its target of 18 per cent agriculture credit and is confident of maintaining the same level in future. The bank plans to provide comprehensive range of loans to farmers including harvesting and transportation loans, agri gold loans, crop loans and development loans.
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