Karnataka Bank gains on enabling Karnataka Govt’s Khajane-2 payments through net banking [Banking]
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TL;DR
Karnataka Bank's stock rises after enabling Karnataka Government's Khajane-2 payments via net banking, enhancing its digital services and market position.
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Bank - PrivateBankingKarnataka BankKhajane-2net bankinggovernment paymentsfinancial services
Karnataka Bank Ltd., a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, a coastal town of Dakshina Kannada district in Karnataka State. The bank took shape in the aftermath of patriotic zeal that engulfed the nation during the freedom movement of 20th Century India. Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka. Presently, it has emerged as a leading financial service institution in India.