Mangaluru, Feb 18, 2016: Mangaluru headquartered Karnataka Bank has bagged IBA Banking Technology Award in the category of Best Risk and Fraud Management Initiative – Runner Up amongst Small Banks.
The award was announced as part of Indian Banks’ Association Technology Conference, Expo & Awards 2016 and was received by Shri Mahabaleshwara M S, Chief General Manager of the Bank and Shri. B. Nagaraja Rao, DGM of the Bank from Shri. H.R. Khan, Deputy Governor RBI and Shri.
Ashwani Kumar, Chairman, IBA in a glittering function held at Mumbai on 16th February, 2016. Smt. Arundhati Bhattacharya, Deputy Chairperson, IBA & Chairperson, SBI, Padma Vibhushan Dr. Raghunath Mashelkar, Jury Chairman & CMDs of other Banks were among the dignitaries who were present on the occasion.
“We are happy that the Bank’s efforts towards strengthening its control and monitoring systems by significant improvements in risk management and vigilance functions have been suitably recognized and rewarded in the form of this prestigious award. In the present era of digital banking, a robust fraud prevention and risk management mechanism instills confidence among the tech savvy customers and Bank will continue its efforts in this direction with renewed vigour”, said Shri. P. Jayarama Bhat, MD and CEO of the Bank.
The Bank has 713 branches and 1210 ATMs across the country and aims to increase its service outlets to 2,000 by end of the current Fiscal with 725 branches and 1275 ATMs, including 25 e-lobbies.