Karnataka Bank, a leading private sector bank, headquartered at Mangalore, has bagged two IDRBT Banking Technology Excellence Awards for the year 2012-13. The bank has won ‘Best Bank Award for Managing IT Risks’ and ‘Best Bank Award for use of IT for business innovation’ among ‘small banks’ category.
The bank has registered a jump of 12.87% in its net profit at Rs 94.17 crore for first quarter ended June 30, 2013 as compared to Rs 83.43 crore for the same quarter in the previous year. Total income of the bank has increased by 21.76% at Rs 1203.80 crore for Q1FY14 as compared Rs 988.66 crore for the corresponding quarter previous year.
