Karnataka Bank bags 'IBA Banking Technology Awards'

[email protected] (CD Network)
August 29, 2012

pjayaram
Mangalore, August 29: City based private sector bank - Karnataka Bank has been conferred with "The IBA Banking Technology Awards 2011" instituted by Indian Banks Association.

The Bank has been adjudged as the second runner-up under 'Best risk management and security initiative' and also the second runner-up under best financial inclusion initiative in the category of private sector bank.

N R Narayana Murthy, Chairman Emeritus, Infosys, conferred the said awards to P Jayarama Bhat, Managing Director and CEO of the Bank at a grand function organised at Mumbai by Indian Banks Association on August 27.

“As envisaged in the Corporate Mission, the Bank is Tech savvy and has implemented various tech. driven customer centric products by adopting robust risk mitigation/management processes. At the same time, the Bank has also put in various security measures so as to enhance the confidence of the customers in using tech. products & services. The Bank believes in inclusive growth and 20% of the Branches are located in rural centers,” Mr Bhat said.

“The Bank has taken various initiatives like, financial literacy centers, mobile financial awareness camps through van, providing Banking Services through Business Correspondent Model using Bio-metric cards etc. Bank is one of the trustees of the Karnataka Farmers Resource Centre (KFRC), Bagalkot, which has been set up to provide training to the farmers to develop managerial capacity and co-ordinate the services of various service providers for training, consultancy, counseling services to farmers in the state”, he added.

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News Network
November 4,2024

In a tragic turn of events, a young spectator lost his life during a bull-taming event, Kobbari Hori, at Chigalli in Mundgod taluk, Uttara Kannada, on Saturday. 

Parameshwar Siddappa Harijan, aged 22, was fatally gored by a marauding bull during the event, which had drawn large crowds as part of the Deepavali festival celebrations.

With thousands of spectators lining the path to witness the action, the event took a horrific turn when the bull charged directly at Parameshwar, inflicting severe injuries. 

Despite efforts to rush him to the hospital, Parameshwar tragically succumbed to his wounds on the way.

In response to the fatal accident, another bull-taming event scheduled for the evening in Mundgod town was promptly cancelled, as shock and grief swept through the community following the heartbreaking incident.

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News Network
November 10,2024

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Mangaluru: A tragic accident took place on Saturday at Chembugudde near Thokkottu, claiming the life of a 47-year-old woman after a tanker lorry ran over her. The victim, identified as Rahmat H Rashid, was riding pillion with her husband, Abdul Rashid G, on their scooter. 

The couple was traveling from Yenepoya Hospital to Bajpe when the scooter skidded on the poorly maintained road. Rahmat fell onto the road and was fatally struck by a tanker lorry that was coming from behind. Despite being rushed to the hospital, doctors declared her dead upon arrival.

The incident prompted a swift response from the DYFI Ullal Taluk Committee, which staged a protest on Saturday night, condemning the unsafe condition of the road. Nithin Kuthar, president of the committee, criticized MLA and Legislative Assembly Speaker UT Khader for failing to ensure safe infrastructure, despite touting the road as toll-free. 

Kuthar demanded immediate repairs, warning that the committee would march to the MLA’s office with black flags if the road is not fixed within a week.

Former DYFI State President Sunil Kumar Bajal also voiced frustration over the deteriorating condition of Thokkottu market, highlighting the struggles people face while crossing roads riddled with dangerous potholes. In response to public outcry, temporary repairs were made to the road at Chembugudde on Sunday, though locals remain wary and demand a more permanent solution. 

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News Network
November 11,2024

Udupi, Nov 11: A traveller reportedly lost ₹4.1 lakh after attempting to book a cab online in Udupi. 

At around 1:30 PM on November 7, the man from West Bengal searched for car rentals on Google and selected a website named "Shakti Car Rentals." Shortly after, he was contacted by someone claiming to be "Rohit Sharma," who directed him to pay a registration fee of ₹150 on the site.

After unsuccessful payment attempts via both his Canara Bank debit card and SBI credit card (without receiving an OTP), "Rohit Sharma" instructed him to pay the driver directly. But at 1:47 PM, he received messages showing deductions of ₹3.3 lakh from his SBI credit card and ₹80,056 from his Canara Bank debit card, totaling ₹4.1 lakh.

The complainant alleges fraud through a deceptive link disguised as a booking token fee. A case has been registered at Udupi Town Police Station.

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