Karnataka Bank launches KBL FASTag

Karnataka Bank today launched its "KBL FASTag", a pre-loaded payment instrument to facilitate seamless movement of vehicles at the toll plazas across India, in association with NPCI (National Payment Corporation of India) and M/s Worldline, the FASTag processor.

Speaking on the occasion of launching of the service, Mr. Mahabaleshwara MS, Managing Director & CEO of the Bank said that "the FASTag facilitates the users with the ease and convenience during transit through the toll plaza by saving time, fuel and money. Customers can procure FASTag through online from Bank's website or by approaching the nearby branch. F ASTag can be pre-loaded digitally for the required amount and can be recharged online through Credit Card/Debit Card/Net Banking/IMPS etc. The applicable toll amount gets automatically debited through the sensors at toll plaza. Instant SMS alerts are also sent to the registered mobile number for the toll transactions, balance maintenance, etc. KBL FASTag can be used across all the toll plazas throughout the country which are registered in National Electronic Toll Collection (NETC) program and in future its utility can also be enhanced to pay Parking fees, Fuel charges etc. I am sure that, KBL FASTag will meet the aspirations of our customers as well as the general public".

Shares of Karnataka Bank Ltd. was last trading in BSE at Rs. 52.4 as compared to the previous close of Rs. 52.15. The total number of shares traded during the day was 118450 in over 1429 trades.

The stock hit an intraday high of Rs. 53.4 and intraday low of 51.7. The net turnover during the day was Rs. 6190544.

Source : Equity Bulls

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