Karnataka Bank IFSC Code Bhopal Branch, MICR code, Address

Last Updated 22nd May 2017

IFSC Code of Karnataka Bank BHOPAL, MICR Code of Karnataka Bank BHOPAL

Get IFSC Code and MICR code of Karnataka Bank, Bhopal, Madhya Pradesh branch in Bangalore city along with the address

Bank	Karnataka Bank
IFSC Code	KARB0000127 (for money transfer by NEFT, RTGS and IMPS)
MICR Code	462052002
Address	GROUND FLOOR, SADANA TOWERS, 2A, ZONE-II, M P NAGAR, BHOPAL 462011
Contact Number	2576298
Branch	BHOPAL
City	Bangalore
District	Bhopal
State	Madhya Pradesh

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Karnataka Bank Interest Rates in BHOPAL, Bhopal

	Interest Rates*	Tenure, Processing Fee
Karnataka Bank MCLR Base Rate	10.25%	Past Trend
Karnataka Bank Home Loan	9.50% - 9.75% Floating	Get Details
Karnataka Bank Loan Against Property	13.20% - 13.20% Floating	Get Details
Karnataka Bank FD Interest Rate	3.50% - 7.10%	Get Details

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Loan Amount	Cashback
Rs. 1 cr and above	Rs. 5,000
Rs. 75 lakh - less than Rs. 1 cr	Rs. 3,000
Rs. 50 lakh - less than Rs. 75 lakh	Rs. 2,000
Rs. 35 lakh - less than Rs. 50 lakh	Rs. 1,000
Rs. 20 lakh - less than Rs. 35 lakh	Rs. 500
Less than Rs. 20 lakh	Rs. 200

News - May 2017

2016-09-17 : Karnataka Bank launches retail loan portal
Karnataka Bank has launched an online retail loan web portal named KBL-Loan Junction. This will facilitate the customers to check their retail loan eligibility and submit their loan application online. The bank also offers credit proposal tracking system as part of the initiative.
2016-08-06 : Karnataka Bank launched a mobile app for POS merchants
Karnataka Bank launched KBL POS Manager mobile app to its POS merchants to enable ease and convenience to the merchants KBL POS Manager is an Android based mobile application launched to manage the activities around the POS installation like monitoring daily reports, to know latest settlement report value, to request statements from the app etc. With this initiative, merchants can manage their store sales through smart phone. Bank has taken this initiative to improve client satisfaction and support merchants to do more transactions.
2016-07-28 : Karnataka Bank Q1FY17 Net Profit increases by 11%
As per the results for Q1FY17, Karnataka Bank Ltd. has reported a 11.2 percent increase in Net Profit to Rs 121.5 crore, from Rs 109.3 crore in the same quarter last year. Net Interest Income(NII) increased by 10.1 percent to Rs 364.7 crore and other income increased by 46 percent to Rs 174.4 crore in the June quarter . The asset quality showed signs of weakening as Gross NPAs as a percentage of total advances, increased to 3.92 percent from 3.44 percent and Net NPA also increased to 2.61 percent from 2.35 percent in March quarter. The provision against bad debt also increased by 21.2 to Rs 136.3 crore from Rs 112.5 when compared on qoq basis.
2016-01-22 : Karnataka Bank standalone net profit declines 9 per cent for third quarter ending Dec 2015
Karnataka bank net profit declined by 9.37% due to a decrease in spread and an increase in Net Interest Income (NII)

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