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Karnataka Bank awarded ‘Prathista Puraskar for achieving highest percentage in BHIM-UPI transactions

Karnataka Bank awarded 'Prathista Puraskar for achieving highest percentage in BHIM-UPI transactions_40.1

‘Prathista Puraskar’ under ‘Digidhan Awards 2021-22’

Karnataka Bank was awarded with ‘Prathista Puraskar’ under ‘Digidhan Awards 2021-22’ by Ministry of Electronics and Information Technology (MeitY), government of India for achieving target with highest percentage in BHIM-UPI transactions in private sector bank category. Labelled as ‘KBL-NxT’, the bank is currently undertaking an accelerated digital drive under its transformation journey ‘KBL VIKAAS 2.0’. This award is an ideal tribute to the founding fathers of this great institution as Karnataka Bank is stepping into its 100th year of its fruitful existence.”

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About the Karnataka Bank Limited

Karnataka Bank Limited was incorporated on 18 February 1924, and commenced business on 23 May 1924. Its founders established it at Mangalore, a coastal town in the Dakshina Kannada district of Karnataka.

Karnataka Bank Limited is an Indian private sector bank based in Mangalore. It is an ‘A’ Class Scheduled Commercial Bank with a network of 898 branches, 1 extension counter, 885 ATMs, 563 cash recyclers and 546 e-lobbies/mini e-lobbies across 22 states and 2 union territories. It has 8,519 employees and over 11 million customers throughout the country. Its shares are listed on the NSE and BSE. The tagline of the bank is “Your Family Bank Across India.”

Karnataka Bank Limited has adopted core banking, internet banking and has established its “MoneyPlant” (885 ATMs, 563 cash recyclers and 546 e-lobbies/mini e-lobbies) system across the country.

Important takeaways for all competitive exams:

  • Karnataka Bank  Headquarters: Mangaluru;
  • Karnataka Bank  CEO: Mahabaleshwara M. S (15 Apr 2017–);
  • Karnataka Bank  Founded: 18 February 1924.

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