Karnataka Bank to emerge as 'Digital Bank of Future'

Leading Private sector lender Karnataka Bank today held its 97th Annual General Meeting at its Head Office, Mangaluru through video conferencing (VC) / Other Audio Visual Means (OAVM) in the backdrop of Covid-19 pandemic.

While addressing the shareholders of Kamataka Bank at its 97th Annual General Meeting held through virtual platform, the MD & CEO of the Bank Mr. Mahabaleshwara M.S has asserted that "Karnataka Bank is now poised to emerge as the 'Digital Bank of Future'. "Powered by its IT driven wholistic transformation 'KBL VIKAAS', Bank is now preparing for the second phase under 'KBL NxT' concept so as to have end-to-end digital solutions for all its banking activities. Further, Bank is celebrating its centenary year during 2023-24 and lot of IT driven innovative and far reaching initiatives to mark the celebration are already lined up so as to lay a strong foundation for the second century of the Bank. Bank has also declared a dividend of 18%" he said. The 97th AGM was held under the chairmanship of Mr. P. Jayarama Bhat, Chairman of the Bank. All the Directors of the Bank, Executives, shareholders participated through the virtual forum.

Shares of Karnataka Bank Ltd. was last trading in BSE at Rs. 63.15 as compared to the previous close of Rs. 64.5. The total number of shares traded during the day was 240015 in over 1977 trades.

The stock hit an intraday high of Rs. 64.5 and intraday low of 62.7. The net turnover during the day was Rs. 15252710.

Source : Equity Bulls

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