The Mangaluru-based driving private division bank Karnataka Bank is balanced to develop as the ‘digital bank of future’ with end-to end computerized arrangements for all its banking exercises, bank CEO and managing executive MS Mahabaleshwara said on Thursday. Tending to the 97th annual general assembly at its head office in Mangaluru through video conferencing, he said fueled by its IT-driven wholistic change ‘KBL Vikaas,’ the bank is presently planning for the second phase beneath ‘KBL NXT’ concept to have end-to-end advanced
Digital arrangements for all banking exercises, concurring to a bank press release here.
The bank is celebrating its centenary year amid 2023-24 and a parcel of IT-driven inventive and far-reaching activities to stamp the celebration are as of now lined up to lay a solid establishment for the second century of the bank, he said.
The bank has pronounced a profit of 18 per cent at the meeting. The 97th AGM was directed over by bank chairman P Jayarama Bhat. All the directors of the bank, executives and shareholders taken an interest through the virtual gathering, the release said.