Karnataka Bank Limited is an Indian private sector Class A scheduled commercial bank. Founded in the year 1924 at the costal town of Mangaluru in the Dakshin Kannada district of Karnataka, it has completed over a century in the banking industry and is one of the oldest private commercial banks in India. Karnataka Bank has a nationwide presence and holds the authorisation from the RBI to collect direct and indirect taxes on behalf of CBDT and CBIC.
| Particular | Details |
| Bank Name | Karnataka Bank Limited |
| Type | Private Sector |
| Founded | 18th February 1924 |
| Founder | B.R Vyasaray Achar |
| Headquarters | Mangaluru, Karnataka, India |
| MD & CEO | Raghavendra Srinivas Bhat |
| Chairman | P. Pradeep Kumar |
| Regulator | RBI |
| Services | Retail Banking, Corporate Banking, NRI Banking and more |
| Branch Network | 957 |
| Customer Base | 1.3 crore |
| Total Deposits | INR 1.02 lakh crore |
| Total Advances | INR 73,644 crore |
| CASA Ratio | 31.01% |
| Bank Type Focus | Digital-first and customer-centric |
| Official Website | www.karnatakabank.bank.in |
Net Worth and Market Cap
Net Worth of Karnataka Bank Limited was approximately INR 12,085.33 crore in March 2025. The bank’s market capitalisation is currently at INR 6,932.35 crore.
Corporate Leadership
Raghavendra Srinivas Bhat is currently the Managing Director and CEO of Karnataka Bank Limited. He was appointed in July 2025. P. Pradeep Kumar is the part-time Chairman and Independent Director, while Vijayakumar P H is the Chief Financial Officer of the bank.
Summary of Products and Services
Karnataka Bank Limited offers a comprehensive range of banking products and services tailored for individuals, businesses, farmers, NRIs and more. It focuses on customer-centric and digital-first solutions, with competitive rates, quick processing and value-added offers.
The bank offers 9 types of savings accounts, including premium options like KBL Stri Premium with benefits such as locker concessions and reduced loan processing charges. Its current account schemes are particularly suitable for grocery shops, small merchants and vendors.
Business and corporate banking services are tailored for MSMEs, small traders and big corporates. These include overdrafts, export-import finance, MSME loans, supply chain finance, working capital, term loans, trade finance and cash management services. Furthermore, crop loans, agri-term loans and other agriculture banking schemes are available for farmers.
NRI banking services include NRE/NRO accounts, FCNR deposits, international transfers, assured exchange rates and loans and investments for NRIs.
Distribution Network
Karnataka Bank Limited has its headquarters in Mangaluru, Karnataka, India. It has a network comprising of 957 branches, 1188 ATMs and cash recyclers and 588 e-lobbies and mini e-lobbies. The network covers 22 states and 2 union territories of India.
