Karnataka Bank conducts business correspondent convention & workshop at Shimoga

As part of its financial inclusion programme, Mangalore-based private sector Karnataka Bank has conducted its First Business Correspondents Convention and Workshop for its Business Correspondents, at Shimoga on April 28, 2014. The Convention saw the participation from the representatives of BASIX SubK iTransactions and Integra Microsystems, the service providers for the Bank along with Banks 45 Business Correspondents engaged by the service providers on behalf of the Bank in the Districts of Tumkur, Mysore, Shimoga, Chitradurga, Chikmagalur and Davangere. Karnataka Bank reported 33.25% rise in its net profit at Rs 106.70 crore for third quarter ended December 31, 2013 as compared to Rs 80.07 crore for the same quarter in the previous year. Total income of the bank increased by 10.94% at Rs 1165.54 crore for quarter under review as compared to Rs 1050.58 crore for the quarter ended December 31, 2012.