Karnataka Bank has opened its 848th branch at Penukonda in the state of Andhra Pradesh on December 30, 2019. Earlier, the bank had opened its 847th Branch at Mysuru - Vijayanagara 4th Stage in the state of Karnataka on December 16, 2019.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.