Karnataka Bank bags award 'Best MSME Bank of the year - Winner'

Karnataka Bank has bagged 'Best MSME Bank of the year - Winner' award among private sector Banks at the 8th MSMEs Excellence Awards Ceremony and Summit held on March 9th, 2022 instituted by ASSOCHAM at New Delhi. The award was received by Shri Gopalakrishna Samaga B, DGM, Credit Marketing Department on behalf of Karnataka Bank Ltd in the presence of Shri Narayan T Rane, Hon'ble Minister, Ministry of MSME, Government of India.

Sharing his happiness on the achievement Shri Mahabaleshwara M.S, MD & CEO of the Bank said "Karnataka Bank has been focusing on MSME sector with various digital products. Bank has ensured expeditious disposal of MSME credit proposals by duly adhering to all quality standards and is actively participating in various Public/Private initiatives to promote the cause of MSME. It gives me immense pleasure to state that, as received hitherto this year also, Bank has got prestigious award from ASSOCHAM and other National level business chambers for the contribution and support extended to the entrepreneurs in this sector by the Bank. This award strengthens our resolve to continue to focus on MSME sector going forward".

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 58.50 as compared to the previous close of Rs. 58.10. The total number of shares traded during the day was 107297 in over 1200 trades.

The stock hit an intraday high of Rs. 59.25 and intraday low of 58.30. The net turnover during the day was Rs. 6314693.00.

Source : Equity Bulls

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TheKarnatakaBank INE614B01018 BestMSMEBankoftheYear Award ASSOCHAM