Karnataka Bank surpasses landmark business of Rupees 1 Lakh Crore

Karnataka Bank surpasses landmark business of Rupees 1 Lakh Crore

Mangalore Today News Network

Mangaluru, Dec 28, 2017: Karnataka Bank has surpassed a business turnover of Rupees One Lakh Crore.

While expressing happiness over this milestone achievement, the MD & CEO of the Bank, Shri Mahabaleshwara M.S said “Every journey starts with the first step and the Bank which started with a nominal seed capital of ` 11,580/- about 93 years back has grown from strength to strength achieving many milestones in between and today’s achievement of Rupees one lakh crore business is historic one. This is the long cherished dream and this achievement has placed Karnataka Bank in next league. From here onwards the growth pace will further accelerate and this will serve as a strong foundation for solid growth hereafter. I recall the contributions of our founding fathers and thank all our stakeholders for the confidence reposed on the Bank.”

 

The Bank presently has a customer base of over 90 lakhs and is aiming to serve at least 1% of Indian population in terms of customer base by 2020. Having already achieved the milestone figure of ` 1 lakh crore of business, Bank has recently embarked on a transformation journey titled “KBL VIKAAS” by having BCG (Boston Consulting Group) as Transformation Consultant, which aims to make the Bank bigger, stronger and more vibrant.