Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

'Transform by leveraging technology' - Mahabaleshwara M S, MD & CEO of Karnataka Bank

Posted On: 2019-04-09 17:47:42

"Karnataka Bank has successfully completed its first year of transformational journey and th.e new approach towards business is driven by technology and is reaping the benefits on a sustainable basis. The new business model is guided by highest standards of corporate governance, effective risk management and by adhering to compliance parameters" said Shri Mahabaleshwara M S, MD & CEO, of the Bank while addressing the Regional Heads of the Bank in their annual review meet at Mangaluru, today.

He further said, "The blue print of Bank's new business approach anchoring on the Regional Sales Executive (RSE) concept is already rolled out. RSEs along with their dedicated sales team will act as the new business facilitators / enablers to supplement the branch heads and the concept will be expanded to all the major business centres across India for different verticals both under the asset and liability side. Bank will further strengtheh this new credit delivery model by effective use of technology under the Bank's recently opened Digital Centre of Excellence (DCOE) concept. Bank will work as one team and will also re-align its leadership style across the cadre both in terms of attitude and approach. With this outlook I am sure that, time has come for the Bank to shift the gear and make a strong pitch for its aspirational transformation journey".

Shri Raghavendra Bhat M, Chief operating officer, delivered the welcome and introductory address. Shri Mahalingeshwara K, General Manager, made a presentation on business performance of the Bank during the period ended 31St March 2019.

Shri Chandrashekar Rao B, Shri Subhaschandra Puranik, Shri Balachandra Y V, Shri Muralidhar Krishna Rao, Shri Nagaraja Rao B, Shri Gokuldas Pai, General Managers were also present on the occasion.

All the Regional Heads from across the country, Departmental Heads and other executives at the Bank participated in the conference.

Shri Pradeep Rao U, Assistant General Manager, proposed the vote of thanks.

Shares of KARNATAKA BANK LTD. was last trading in BSE at Rs.135.05 as compared to the previous close of Rs. 135.2. The total number of shares traded during the day was 178296 in over 1240 trades.

The stock hit an intraday high of Rs. 135.65 and intraday low of 130.95. The net turnover during the day was Rs. 23738026.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

BHEL wins Rs.800 crore EPC orders for 200 MW Solar Power Plants

Pricol Ltd announces changes in board

The South Indian Bank Ltd board approves debt issue of up to Rs. 500 crores

Sandhar Technologies Ltd signs JV agreement with Winnercom Co. Ltd.

Tenure of 6 independent directors of NBCC India Ltd ends

Super Spinning Mills Ltd announces resignation of directors

Pricol Limited announces financial results for Q4 FY 2018-19

Elecon Engineering Company Ltd bags Rs. 79.12 crores order from BHEL

Fire accident at PG Electroplast Ltd's washing machine division

FDC Limited receives ANDA approval for Dorzolamide and Timolol Ophthalmic Solution USP 22.3Mg/6.83Mg Per Ml

USFDA completes inspection at Unit 2 of Divi's Laboratories Ltd at Chippada

Apcotex Industries Ltd fixes July 5, 2019 as record date for stock split

ICRA updates on credit ratings of Aster DM Healthcare Ltd

GPCB revokes closure notice issued to Coromandel International Ltd's Sarigam unit

Relaxo Footwears Ltd fixes June 27, 2019 as record date for bonus issue

Shriram EPC Ltd approves resignation of nominee director

Bilcare Limited appoints Ms. Madhuri Vidya as women independent director

PSP Projects Ltd's MD & CEO bags CXO of the Year award

Zydus' Nesher Pharmaceuticals receives final approval from the USFDA for Omega-3-Acid Ethyl Esters Capsules

Alidac Pharmaceuticals Ltd receives EIR from USFDA

Reliance Infrastructure Ltd announces FY19 results

Smt. Supriya Prakash Sen co-opted as additional director of Lakshmi Vilas Bank Ltd

Mahindra enters into Strategic Alliance with Switzerland-based Gamaya

CreditAccess Grameen Ltd appoints B R Diwakar as additional director

Voltas launches new Brand Shop at Chackai, Thiruvananthapuram

Ind-Ra revises rating outlook of CCL Products India Ltd

Aplab Ltd appoints independent director

Infosys Ltd board to announce Q1 results on July 12, 2019

USFDA completes inspection at Laurus Labs Ltd's Vizag units

Asian Hotels North Ltd updates on rating downgrade by CRISIL

Siti Networks Ltd appoints Mr. Suresh Kumar Arora as whole time director

M&M updates on investment in Gamaya SA, Switzerland

Maruti Suzuki sets up Water ATM in Naviyani village, Gujarat

G M Breweries Ltd board to consider Q1 results on July 4, 2019

McDonald's comes up with McSaver Snacks Mix n' Match combo offers starting at just Rs 49!

3i Infotech Ltd appoints Mr. Rajeev Kumar Sinha as nominee director of IDBI Bank

Tata Communications divests remaining 26% stake in The Singapore Data Centre Business

Biocon Biologics Facilities In Bengaluru Receive EU GMP Certification

Shri Lakshmi Cotsyn Ltd appoints CFO

Smartlink Holdings Ltd board approves buy back at Rs. 130

Steelco Gujarat Ltd calls for board meeting on July 16, 2019

IDBI Bank initiates Forensic Audit of Sankhya Infotech Ltd

The Indian Wood Product Co. Ltd launches Pan Sugandh - packet of Katha in the state of Bihar

Kapil Uniyal of Birlasoft bags award

Sun Pharma announces Late-Breaking Phase 2 Data Showing Potential of ILUMYA™

Sunteck Realty Ltd appoints CFO

Melstar Information Technologies Ltd announces resignation of CEO

The Indian Wood Product Co. Ltd launches retail packets of Spices in New Delhi and Uttarakhand

Dr. Reddy's Laboratories inks agreement to sell its neurology branded products to Upsher-Smith Laboratories, LLC

RITES Ltd board to consider bonus issue on June 24, 2019

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019