Karnataka Bank
KBL
Beginner Level
Karnataka
Banking & Finance
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Definition
A private sector scheduled bank headquartered in Mangaluru, serving Karnataka and other states.
Detailed Explanation
Founded in 1924, Karnataka Bank has 900+ branches. It focuses on retail banking, SME lending, and agricultural finance. Listed on BSE and NSE.
Example
A farmer in Hubli gets a crop loan from Karnataka Bank under priority sector lending.
Local Context (Karnataka)
Karnataka Bank has deep roots in the state's economic development, especially in coastal and rural Karnataka.
Related Terms
C
Compound Interest
Interest calculated on both the initial principal...
L
Liquidity
The ease with which an asset can be converted into...
R
Reserve Bank of India
India's central banking institution that controls...
U
Unified Payments Interface
A real-time payment system developed by NPCI enabl...
N
National Payments Corporation of India
The umbrella organization for retail payments syst...