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Karnataka Bank Ltd will launch mobile banking soon. Speaking at a function at the Founders' Branch of the bank at Dongarakery in Mangalore on Monday, Mr P. Jayarama Bhat, Managing Director of the bank, said that the bank will start offering mobile banking facility in the next two months.
With this, the customers of the bank can carry out their transactions through their mobile phones.
Mr Bhat said that the bank, which crossed a business level of Rs 53,000 crore in 2011-12, is planning to do much more in the years to come. The bank has set a target of achieving Rs 1 lakh crore business by 2015, he said.
As of now, the average business of the each branch of the bank is more than Rs 100 crore, he said.
The bank re-named its Dongarakery branch as Founders' Branch on the occasion. The bank started functioning from this branch on May 23 1924.
Mr Mahabaleshwara Bhat, General Manager of the bank, said that the Founders' Branch made a profit of Rs 3,591 in the first year of its inception way back in 1924.
The total deposit then was Rs 68,499 and total advance was Rs 1.25 lakh then.
Mr Ananthakrishna, Chairman of the bank, said that the administrative office of the bank was situated at Dongarakery premises till 1972.
Several customers of the branch, who have been banking with the branch for the past five decades, were honoured on the occasion.
Mr Krishna Avatar Jalan, one of such customers, recalled his association with the bank since 1959.
vinayakaj@thehindu.co.in
With this, the customers of the bank can carry out their transactions through their mobile phones.
Mr Bhat said that the bank, which crossed a business level of Rs 53,000 crore in 2011-12, is planning to do much more in the years to come. The bank has set a target of achieving Rs 1 lakh crore business by 2015, he said.
As of now, the average business of the each branch of the bank is more than Rs 100 crore, he said.
The bank re-named its Dongarakery branch as Founders' Branch on the occasion. The bank started functioning from this branch on May 23 1924.
Mr Mahabaleshwara Bhat, General Manager of the bank, said that the Founders' Branch made a profit of Rs 3,591 in the first year of its inception way back in 1924.
The total deposit then was Rs 68,499 and total advance was Rs 1.25 lakh then.
Mr Ananthakrishna, Chairman of the bank, said that the administrative office of the bank was situated at Dongarakery premises till 1972.
Several customers of the branch, who have been banking with the branch for the past five decades, were honoured on the occasion.
Mr Krishna Avatar Jalan, one of such customers, recalled his association with the bank since 1959.
vinayakaj@thehindu.co.in
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