knowmyifsc.com

Karnataka Bank Limited was incorporated on February 18, 1924, and commenced business in May of the same year, making it one of the oldest private sector banks in India. The bank was founded in Mangaluru, a coastal town in the Dakshina Kannada district of Karnataka, by enterprising individuals like B. R. Vysaray Achar and others, with the initial objective of serving the banking needs and promoting the economic development of the South Canara region. The bank expanded its footprint, including the acquisition of three smaller banks in the 1960s, notably Chitradurga Bank (established in 1868 and the oldest in Mysore State), the Sringeri Sharada Bank, and the Bank of Karnataka. This initial growth established its foundation as a regional financial powerhouse.

Today, Karnataka Bank Limited is a publicly traded, 'A' Class Scheduled Commercial Bank whose shares are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). As an important constituent of the Indian financial system, it operates as a premier private sector bank with a wide network of over 950 branches and thousands of ATMs and cash recyclers across 22 states and 2 union territories. Headquartered in Mangalore, the bank offers a comprehensive portfolio of retail and corporate banking, treasury operations, and foreign exchange business, serving over 11 million customers throughout the country. It continues its legacy by embracing digital banking solutions while maintaining the tagline "Your Family Bank Across India."