Verified employee & interview reviews

Karnataka Bank Reviews

Mangaluru, Karnataka

5.0/ 5

2 reviews

Karnataka Bank Limited, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on February 18, 1924, at Mangaluru, a coastal city in Karnataka. The bank took shape during the patriotic zeal of the Indian freedom movement in the early 20th century. Over its long history, the bank expanded significantly, notably acquiring Sringeri Sharada Bank Limited in 1960, Chitradurga Bank Limited in 1964, and Bank of Karnataka Limited in 1966. In 2024, the institution celebrated its centenary year of operations, marking a century of banking service. Headquartered in Mangaluru, Karnataka, the bank operates a massive national network. It has over 922 branches, more than 1,180 ATMs and cash recyclers, and hundreds of e-lobbies across 22 Indian states and 2 union territories. It is a professionally managed private sector bank with no identifiable promoter group, and its shareholding is widely distributed among public, domestic, and foreign institutional investors. The bank’s operations are supported by a large workforce of over 8,600 employees serving more than 11 million customers nationwide. Karnataka Bank operates through four primary business segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The bank provides a comprehensive suite of commercial banking products and financial solutions tailored for retail, MSME, agricultural, and corporate clients. Its offerings include personal savings and current accounts, fixed deposits, term loans, working capital finance, and specialized agricultural lending products. Additionally, it offers para-banking and digital services such as co-branded credit cards, debit cards, travel cards, investment services, and life or general insurance distribution through corporate partnerships. It also offers NRI banking solutions, including its Quick Remit facility for easy international money transfers. The bank places a strong strategic emphasis on a digital-first approach to modernize its infrastructure. It operates a dedicated data center in Bengaluru and utilizes the "Finacle" core banking platform developed in collaboration with Infosys. To expand its non-financial capabilities, the bank operationalized its wholly owned subsidiary, KBL Services Limited, based in Bengaluru. Financially, Karnataka Bank is a public entity listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the tickers KTKBANK and 532652, respectively. For the trailing twelve months ending in early 2026, the bank reported a total revenue of approximately USD 512 million (with FY2023 revenue reported at INR 8,213 crore) and a net income of INR 1,180.24 crore in 2023. As of 2025, its total asset base stood at over INR 120,961 crore, maintaining a healthy capital adequacy ratio of 17.45%. Under the current leadership of Managing Director and CEO Raghavendra Srinivas Bhat, alongside Part-Time Non-Executive Chairman P. Pradeep Kumar, the bank continues to drive financial inclusion across the country, guided by its long-standing corporate tagline: "Your Family Bank Across India.