karnataka bank

Karnataka Bank reports Rs 13 crore fraud to RBI

The fraud was on account of ‘diversion of funds’, the lender said in a BSE filing.

RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift operations

RBI levied an aggregate penalty of Rs 40 million on the bank for delayed implementation of four of the Swift related operational controls.

Karnataka Bank Q4 net dives 92 pc as NPA provisioning swells

Provisioning amount for the full year more than doubled at Rs 1,163.01 crore against Rs 527.85 crore in the preceding year.

Karnataka Bank cuts interest rate to 3 per cent on deposits less than Rs 1 lakh

The interest rate has been reduced by 1 per cent from 4 per cent, Karnataka Bank said in a statement.

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