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Karnataka Bank Marks 101st Founders' Day with Launch of Two New Products.

Banking & Finance | Dated: 21 Feb 2025

On 18 February 2025, Karnataka Bank Limited (KBL) commemorated its 101st Founders' Day, celebrating over a century of its operations, by launching two new products: 'KBL Stri' and 'KBL One Family Banking Programme.' The bank also introduced a children’s savings account and a high-interest term deposit scheme.

🎯 Key Highlights:

  • - During the event, KBL released a Rs 100 commemorative coin and a special postal stamp. Additionally, the bank expanded its reach by inaugurating 15 new branches across various locations.
  • - To mark this milestone, KBL distributed 101 symbolic lapel pins, launched new products, and presented Corporate Social Responsibility (CSR) commitment letters to three eligible beneficiaries.
  • - Furthermore, KBL inaugurated a centenary building and two museums at its headquarters in Mangaluru (Karnataka), showcasing the bank's 100-year journey.

💡 Other Important Facts:

  • (i) P Pradeep Kumar, Chairman of KBL; Srikrishnan K, Managing Director (MD) and Chief Executive Officer (CEO) of KBL; and spiritual leader Sadguru Madhusudan Sai were present at the event.
  • (ii) 'KBL Stri' is a savings bank account designed to empower women in determining their success, whether they are homemakers, professionals, or entrepreneurs. The account offers two variants: the Signature account and the Premium account.

📚 Test Your Knowledge:

Karnataka Bank recently celebrated which Founders' Day milestone?

Correct Answer: 101st

🚀 Quick Recap:

About Karnataka Bank

  • MD & CEO : Srikrishnan Harihara Sarma
  • Headquarters : Mangaluru, Karnataka