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Karnataka Bank bags 'IBA Banking Technology Awards'

[email protected] (CD Network)
August 29, 2012

pjayaramMangalore, August 29: City based private sector bank - Karnataka Bank has been conferred with "The IBA Banking Technology Awards 2011" instituted by Indian Banks Association.

The Bank has been adjudged as the second runner-up under 'Best risk management and security initiative' and also the second runner-up under best financial inclusion initiative in the category of private sector bank.

N R Narayana Murthy, Chairman Emeritus, Infosys, conferred the said awards to P Jayarama Bhat, Managing Director and CEO of the Bank at a grand function organised at Mumbai by Indian Banks Association on August 27.

“As envisaged in the Corporate Mission, the Bank is Tech savvy and has implemented various tech. driven customer centric products by adopting robust risk mitigation/management processes. At the same time, the Bank has also put in various security measures so as to enhance the confidence of the customers in using tech. products & services. The Bank believes in inclusive growth and 20% of the Branches are located in rural centers,” Mr Bhat said.

“The Bank has taken various initiatives like, financial literacy centers, mobile financial awareness camps through van, providing Banking Services through Business Correspondent Model using Bio-metric cards etc. Bank is one of the trustees of the Karnataka Farmers Resource Centre (KFRC), Bagalkot, which has been set up to provide training to the farmers to develop managerial capacity and co-ordinate the services of various service providers for training, consultancy, counseling services to farmers in the state”, he added.

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News Network
January 6,2020

Jan 6: A Thane resident lost a little over Rs 1 lakh in an online fraud involving popular payment gateways, police said on Saturday. The complainant, a resident of Patlipada, wanted to sell his furniture and posted an ad on Facebook on December 21, an official said.

On December 24, he received a call from one Rajendra Sharma who offered to buy the furniture and wanted to transfer the amount through payment gateways — Paytm and Google Pay, he said.

However, instead of the money getting credited to his account, the complainant found that Rs 1.01 lakh were debited from him during three transactions on two payment gateways, the official said.

The complainant realised that he had been cheated when the accused assured that he would return the money and asked him for another account number, he added.

An offense has been registered against the unidentified accused under section 420 (cheating) of the Indian Penal Code and Information Technology Act and further investigations are underway, he said.

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News Network
April 1,2020

Mangaluru, Apr 1: Dakshina Kannada District in-charge minister Kota Srinivas Poojary on Tuesday announced that essential shops including grocery stores, fruits and vegetable shops will be allowed to open from Wednesday between 0700 hrs to 1200 hrs across the district.

Speaking at a press conference, he said that Milk, Medical, Gas distribution, Petrol Bunks, Banks will be opened as usual, he informed adding that Central Market and the Suratkal Market will remain closed.

With the Dakshin Kannada district administration relaxing the lockdown from 0600 hrs to 1500 hrs to purchase essential commodities, panic-stricken citizens rushed to the shops early in the morning itself.

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News Network
April 29,2020

Bengaluru, Apr 29: A fire incident was reported inside the premises of the Hindustan Aeronautics Ltd (HAL) on Wednesday morning.

According to official sources, the fire was noticed at the Forge and Foundry division in the HAL complex and as many as eight fire tenders are engaged in fighting the mishap.

According to initial reports, the fire was noticed at a stockyard, where magnesium stockpile caught fire.

The fire fighters had cordoned off the entire area in the vicinity and the fire has been contained.

No casualties had been reported, due to the incident, the sources added.

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