Karnataka Bank is planning to open 25 e-Lobbies in different parts of the country by the end of the current financial year. This is the fifth e-Lobby of the bank in the country and the first one in Maharashtra. The e-Lobby provides essential banking facilities under one roof through self-service automation kiosks. Customers can deposit cash and cheques into their accounts and update their passbooks whenever they wish to, beyond banking hours, 24 hours a day.
The bank has plans to open another 20 e-Lobbies across the country during the current financial year.
The bank has posted a rise of 65.52% in its net profit at Rs 134.42 crore for the quarter ended March 31, 2015 as compared to Rs 81.21 crore for the same quarter in the previous year. Total income of the bank has increased by 11.55% at Rs 1308.04 crore for quarter under review as compared to Rs 1172.58 crore for the quarter ended March 31, 2014.
