Private sector lender Karnataka Bank hosted the second edition of KBL - FinOne, "A Fintech Growth Program" on the sidelines of Global Fintech Fest 2023 being held from September 5th to 7th 2023 at Jio World Convention Centre, Mumbai. The leadership session on the topic 'Evolving Digital Ecosystem @ MSME and Possibilities' was organized in association with 'Thefintechmeetup'.
Speaking at the session, Shri Srikrishnan H, Managing Director & CEO of Karnataka Bank, said "At Karnataka Bank, we wish to actively participate in the digital ecosystem that includes specific open collaborations with Fintechs to provide inclusive finance for MSMEs and consumers. As we celebrate the Bank's Centenary Year, we are positioning and re-inventing ourselves to be a Start-Up @ 100, with an outlook of metamorphosing from being 'Karnataka's Karnataka Bank to India's Karnataka Bank'. The prime focus of the Bank now is in building the asset book through collaborations with NBFCs and Fintechs. Another key focus for the Bank is on the distribution products such as digital credit cards, UPI on credit, Insurance & investments, Personal finance etc., that the Bank will be happy to partner. Karnataka Bank will also pursue active participation in the B2B segment to serve the underserved."
Shri Sekhar Rao, Executive Director of Karnataka Bank, in his address said "We are focusing on building our digital lending ecosystem with an eye on three broad parameters, first - by focusing in areas which we understand or our strengths are namely MSMEs and Agri sector, second - developing a commercially viable model, and third without doubt through the collaboration route with fintechs."
Senior executives representing various verticals of Karnataka Bank also participated in the event.
Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 225.85 as compared to the previous close of Rs. 222.00. The total number of shares traded during the day was 122045 in over 1534 trades.
The stock hit an intraday high of Rs. 227.00 and intraday low of 222.00. The net turnover during the day was Rs. 27470852.00.