Karnataka Bank, a leading 'Private Sector’ Bank in India has tied up with TimesofMoney, the pioneer in cross border payments to offer a simple and secure internet based online money transfer solution to all NRIs (Non-Resident Indians). As part of its NRI business strategy, the Bank has partnered with TimesofMoney to offer an online remittance platform for NRIs across 23 countries including Gulf countries, US, UK, Singapore etc.
With this partnership, NRIs can use the Karnataka Bank website to transfer money online from 23 countries leveraging TimesofMoney’s expertise in cross border remittances. This ensures that NRIs get the state-of-the-art service through Karnataka Bank which is fast, safe & secure besides competitive both in terms of exchange rate &transfer fees.
The bank‘s net profit for the quarter ended March 31, 2013 has declined by 18.96% at Rs 67.39 crore for the quarter as compared to Rs 83.16 crore for the quarter ended March 31, 2012. However, bank’s total income has increased by 14.13% at Rs 1090.32 crore for the quarter under review as compared to Rs 955.33 crore for the corresponding quarter of the previous fiscal.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
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