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Karnataka Bank Limited is an Indian private sector bank based in Mangalore. It is an 'A' Class Scheduled Commercial Bank with a network of 915 [ 2 ] branches, 1188 ATMs & Cash recyclers and 588 e-lobbies/mini e-lobbies across 22 states and 2 union territories.
The Karnataka Vikasa Grameena Bank (KVGB) is an Indian Regional Rural Bank sponsored by Canara Bank. It is under the ownership of the Ministry of Finance , Government of India . The bank provides retail banking services to rural users and has 629 branches in North and Western Karnataka .
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In the fiscal year 2005-06, Canara Bank became India's second-largest public sector bank in terms of advances and deposits. The bank changed its name to Canara Bank Limited in 1910 when it incorporated. [5] In 2002-03, the bank went in for its Initial Public Offer and raised Rs.110 crores. [2] The India government holds a 73% stake in Canara Bank.
Karnataka Bank Limited was established on 18 February 1924 in Mangalore. [49] In addition to these, two banks were established in nearby towns. Corporation Bank was founded in Udupi by Khan Bahadur Haji Abdulla Haji Kasim Saheb Bahadur in 1906, [50] and Syndicate Bank was co-founded in Manipal by T M A Pai, Upendra Ananth Pai and V S Kudva in 1925.
The Karnataka Co–Operative Milk Producers' Federation Limited (KMF) is a dairy cooperative from Karnataka, India, which sells products such as milk, curd, ghee, butter, ice cream, chocolates, and sweets under the brand name Nandini. It is a federation of milk producers under the ownership of Ministry of Cooperation, Government of Karnataka ...
It was a Scheduled Bank jointly owned by Government of India, Canara Bank and Government of Karnataka (share capital contributed in the ratio of 50:35:15 respectively). The bank was permitted to carry all kinds of banking business. The Bank was operating in 9 districts of Karnataka, having its Head Office at Ballari. [2] [3] [4]
It also has a distribution system for supplying fruits and vegetables to government hospitals such as Victoria Hospital, Leprosorium Hospital, Bowring & Lady Curzon Hospitals, NIMHANS and Kidwai Memorial Institute of Oncology, factories such as Indian Telephone Industries and Hindustan Machine Tools, hostels and clubs and also undertakes supply ...