Karnataka Bank honoured with IBA's Banking Technology Awards

Karnataka Bank has bagged three coveted awards at the '17th Annual Banking Technology Conference and Awards : 2020-21 Next Gen Banking' held on February 14, 2022 instituted by Indian Banks' Association, the premier organization of the Banking Industry in India. Bank has won the awards under the following categories namely Best Technology Bank of the Year, Best Fintech Adoption and Best Use of AI/ML & Data Analytics - all Runner Ups.

Sharing his happiness on the achievement Shri Mahabaleshwara M.S, MD & CEO of the Bank said "It is a proud moment for the Bank as we find ourselves in the league of leading financial institutions pioneering the new age banking technology. The awards are testimony to the in-house capabilities of the Bank's Digital Centre of Excellence (DCoE) in Bengaluru. We remain committed to continuously innovate, build best in class products and processes using agile methodologies, partnering with FinTechs, focusing on UI/UX and increasing AI/ML by complying to regulatory guidelines. With this focus on technology and Digital Transformation, Bank endeavours to emerge as 'Digital Bank of Future' all the while retaining its core values and identity built on more than 98 years of purposeful Banking history. I am happy to dedicate these awards to the IT Team and staff members of the Bank for their zeal and enthusiasm in fostering the IT dream of the Bank."

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 63.95 as compared to the previous close of Rs. 62.90. The total number of shares traded during the day was 78080 in over 905 trades.

The stock hit an intraday high of Rs. 65.80 and intraday low of 63.35. The net turnover during the day was Rs. 4989249.00.

Source : Equity Bulls

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