Mangaluru: Walkathon promotes digital banking

coastaldigest.com news network
December 9, 2017

Mangaluru, Dec 9: Karnataka Bank on Saturday organized a walkathon in the city to create awareness about banking among the general public and popularise its financial inclusion initiative. The walkathon, aimed to popularise digital banking and other banking products, coincided with the bank's ongoing CASA Campaign from November 15, 2017 to February 28, 2018.

“Though the country has completed more than 7 decades of independence, forty percent of population is still not covered under formal banking system. This march is conducted to promote Honourable Prime Minister’s mission to provide banking facility to all the citizens of the country especially un-banked population in remote villages and rural areas and thus realise financial inclusion in its true sense,” stated a release issued by the bank.

Karnataka Bank chairman P Jayarama Bhat flagged-off the march at the bank’s old head office building at Kodialbail in the city. Managing Director and CEO Mahabaleshwara M S and other executives of the bank led the walkathon which culminated at its head office premises at Mahaveera Circle, Pumpwell.

Speaking on the occasion Mahabaleshwara M.S, MD & CEO, said “The major objectives of today’s road show are to promote financial literacy, popularise customer friendly products of the Bank, convey the importance of savings habit and create awareness about the safety measures to be adopted in digital banking, etc. The road show assumes significance in the context of demonetization and digitalization drive launched by Govt. of India.”

“Bank is fast moving into the next generation of banking, offering the best products in line with latest developments happening in the digital technology space to on-board the unbanked sections of the society.  We are sure that this initiative will help in increasing the financial awareness among public and contribute towards strengthening the economy of the country. The initiative will be replicated in other major cities of the country in the months to follow,” he said.

Jayarama Bhat said “Major share of the branches of the Bank are located in villages and rural areas. The Bank has always treated it as its responsibility to offer banking services to rural population. Bank today enjoys the trust of its customers due to the consistent support that it has extended to them over the years. We hope to strengthen this bond with various customer centric initiatives. We believe that this march is a “Walk towards our Customers”. I wish all the best to this initiative.”

P. R. Karanth, General Secretary, All India Karnataka Bank Employees’ Association (AIKBEA), top executives of the Bank and around 700 staff members of the Bank working in different offices of the Bank at Mangaluru took part in the road rally by holding placards carrying messages promoting awareness about various aspects of general banking from the Regional Office of Mangaluru at Kodialbail to the Head Office of Bank at Pumpwell covering major points of the city viz, Hampankatta, Balmatta and Kankanady.

Comments

Arif
 - 
Sunday, 10 Dec 2017

India once had best GDP without banks and digital money. It is time to go back to Gold and Silver as money and get rid of banks and bankers who eats the wealth of the people for every transactions they do. Charging of interest on money is a sin and it is un-natural.

Hari
 - 
Saturday, 9 Dec 2017

Karnataka bank people getting more salary by sitting. Once in a month they should walk. it good for their health

Kumar
 - 
Saturday, 9 Dec 2017

Why they want digital banking?  If they do without charge then its ok.

Ganesh
 - 
Saturday, 9 Dec 2017

These bank people wants money by doing online transactions. All banks charging for each and every transaction

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News Network
July 10,2020

Bengaluru, Jul 10: The Karnataka cabinet gave its approval for "The Karnataka Contingency Fund (Amendment) Bill, 2020" to enhance the contingency fund limit to Rs 500 crore in the wake of the COVID-19 pandemic.

This will be an ordinance making one time enhancement in the limit as the government needs money to make payments immediately, Law and Parliamentary Affairs Minister JC Madhuswamy told reporters after a cabinet meeting.

Under the contingency fund, the government had room to spend up to Rs 80 crore without budget provision.

"...but this time due to COVID-19 as we had to give money to some sections that were in distress like barbers, flower and vegetable growers, taxi drivers, among others, we have decided to increase the limit to Rs 500 crore," Mr Madhuswamy said.

"As assembly was not in session and as we had to make payments to those in distress immediately, this decision has been taken," he added.

The cabinet today ratified the administrative approval given to carry out civil and electrical works to install medical gas pipeline with high flow oxygen system at district hospitals, taluk and community health centres coming under Health and Family welfare department in view of COVID-19.

The minister said about Rs 207 crore is being approved for this purpose.

It also ratified procurement of medical equipment and furniture for public healthcare institutions of the health and family welfare department worth Rs 81.99 crore.

According to the minister, the cabinet has decided to bring in an amendment to section 9 of the Lokayukta act, which mandates that the preliminary inquiry contemplated by Lokayukta or Upalokayuta should be completed in 90 days and charge sheeting should be completed within six months.

Noting that at the Agricultural Produce Market Committee (APMC) cess was being collected, he said as the government had brought in an amendment to the APMC act, there was demand to reduce the market cess. "So we have reduced it from 1.5 per cent to one per cent."

Approval has also been given by the cabinet to bring Karnataka Vidyuth Kharkane (KAVIKA) and Mysore Electrical Industries (MEI), which are presently under the control of Commerce and Industries department, under administrative control of the energy department.

Other decisions taken by the cabibinet include deployment and implementation of "e-procurement 2.0" project on PPP at a cost of Rs 184.37 crore and ratification of the action taken to issue orders on March 24 to release interest free loan of Rs 2,500 crore to ESCOMs for payment of outstanding power purchase dues to generating companies.

The cabinet also gave administrative approval for setting up of an Indian Institute of Information technology at Raichur.

"Under this, we are committed to provide Rs 44.8 crore in four years for infrastructure," the minister added.

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News Network
July 14,2020

Bengaluru, July 14: Ahead of the week-long lockdown in Bengaluru starting from Tuesday night, around 35,000 people have left the city and grocery stores and liquor shops are witnessing a rush with customers thronging to stock up on for the shutdown.

According to transport department officials, labourers from other parts of the state migrated in good numbers from Bengaluru ahead of the lockdown fearing that they would have to face similar challenges as they had to confront during the previous shuttering. 

"Yesterday 35,000 passengers left Bengaluru. The number is big given the fact that we are allowing a limited number of passengers in the buses to maintain social distancing," a KSRTC official said.

Tipplers made a beeline for liquor shops and a senior State Excise official said liquor worth Rs 230 crore was sold on Monday alone.

"There was apparently a mad rush yesterday.India Made Foreign Liquor worth Rs 215.55 crore and 14.83 crore worth beer was sold...," the officer said.

In view of the rising coronavirus cases in the city at an alarming proportion, the government decided to impose lockdown from Tuesday 8 pm till 5 am on July 22.

Later, Dharwad and Dakshina Kannada districts too decided to impose a lockdown for nine days and seven days respectively from Wednesday.

"For the past two days there is an unusual rush of customers in our store," an executive of the Metro Cash and Carry said.

According to him, people are buying grocery items and vegetables with long shelf life such as onion, potato, radish, carrot and beetroot.

A salesperson at the Star Bazaar too said people were thronging the store for the past two to three days.

During the Sunday curfew, Home Minister Basavaraj Bommai said the week-long lockdown will be stringent one and government has made all arrangements to address all concerns ahead of the shutdown.

As many as 19,702 people in Bengaluru have tested positive, of which there are 15,052 active cases, while 4,328 have been discharged.

The number of fatalities as of Monday is 321.

Across Karnataka, 41,581 people have tested positive for coronavirus including 24,572 active cases, 16,248 discharges and 757 deaths since the outbreak of the pandemic in the state.
 

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News Network
May 13,2020

Belagavi, 13: In a shocking development, Karnataka has reported its first COVID-19 relapse with a 50-year-old Tablighi Jamaat convention attendee in Belagavi testing positive days after being discharged.

The State health officials confirmed that P-298 from Kudachi, who had recovered and was discharged, has suffered a relapse. He has been re-admitted to a designated hospital in Belagavi.

The patient was initially admitted on April 15 and recovered, testing negative twice on April 30 and May 1. The tests were done at the National Institute of Virology (NIV), Bengaluru, and the National Institute of Traditional Medicine (NITM), Belagavi.

Despite recovering, his treatment continued in the ICU for other comorbidities, especially cardiac issues. He was discharged on May 4 and quarantined at an institutional facility in Kudachi.

However, he developed symptoms again and was tested for COVID-19 again on May 5 at NITM, Belagavi. The result came back positive. He was re-admitted to a hospital, and on May 6 a second test was done at the Belagavi Institute of Medical Sciences. Again, he tested positive.

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