Mangaluru-based Karnataka Bank Ltd. (KBL), set up in February 1924 by a group of professionals from diverse fields with an intent to serve the underprivileged, turns 100 on Sunday.
A bank that had a modest origin a quarter century ahead of Indian Independence has not just stood the test of time but has been playing a dominant role in the country’s financial inclusion initiatives especially focused on serving the underserved and underprivileged, including agriculture, small businesses, and individuals, Karnataka Bank MD and CEO Srikrishnan H. told The Hindu.
“It is certainly a rare feat for a small bank that stood the test of time and is now hitting century. How many financial institutions do we have in our country that are turning 100 and standing tall? It is a proud moment for us,’‘ he said.
