Mangaluru, June 15, 2016: Mangaluru headquartered Karnataka Bank has bagged CFBP Jamnalal Bajaj Award for Fair Business Practices - Certificate of Merit under the category “Service Enterprises – Large”.
The award was received by Shri Mahabaleshwara M S, Chief General Manager of the Bank and Shri. B. Nagaraja Rao, DGM of the Bank from Shri Ajay Piramal, Chairman, Piramal Group, in a glittering function held at Mumbai on 14-06-2016. Shri Shekhar Bajaj, President and Ms. Kalpana Munshi, Vice President & Chairperson Awards Committee, Council for Fair Business Practices [CFBP] were among the dignitaries who were present on the occasion.
This award is constituted by the CFPB under 4 Categories [Manufacturing, Services, Trade & Distribution and Charitable Association] and are judged on 8 vital parameters, viz., [a] Customer Satisfaction [b] Customer Communication [c] Employee Motivation [d] Supply Chain System [e] Regulatory Compliance [f] Environment Protection [g] Corporate Social Responsibility and [h] Compliance with Laws, to recognize Indian Business Organisations who strive to create an environment where business confidence is built through best business practices. This award is a testimony for the core values practised by Karnataka Bank in these areas consistently.
“Our Bank is committed to promoting the highest ethical practices in our dealings with our customers and stakeholders to provide them complete satisfaction and to create sustained value. Fair business practices are our way of Life. We are happy to get this unique distinction in recognition of the fair business practices adopted by us”, said Shri. P. Jayarama Bhat, MD and CEO of the Bank.