Karnataka Bank, the Mangalore based premier private sector bank has been adjudged second Runner up of IBA Banking Technology Award 2012-13 for Customer Management Initiative under private sector bank category. The award was received by P. Jayarama Bhat, MD & CEO of the Bank from Padma Vibhushan Dr. Raghunath A Mashelkar, Chairman, National Innovation Foundation, in the presence of Shri K R Kamath, Chairman, IBA and CMD of Punjab National Bank, at a glittering function held at Mumbai on January 27, 2014.
Karnataka Bank has reported 33.25% rise in its net profit at Rs 106.70 crore for third quarter ended December 31, 2013 as compared to Rs 80.07 crore for the same quarter in the previous year. Total income of the bank has increased by 10.94% at Rs 1165.54 crore for quarter under review as compared to Rs 1050.58 crore for the quarter ended December 31, 2012.
