On 18 February 2025, Karnataka Bank Limited(KBL) celebrated its 101st Founders’ Day, marked over a century of the bank’s operations, by launching two new products ‘KBL Stri’ and ‘KBL One Family Banking Programme’. It also introduced a savings account for children and a high-interest term deposit scheme.
- During the ceremony, KBL released a Rs 100 commemorative coin and a special postal stamp, and it has expanded its branch with 15 new branches in various locations.
- The bank also released 101 symbolic lapel pins, launched new products, and presented Corporate Social Responsibility (CSR) commitment letters to three eligible beneficiaries.
- In addition to these, KBL inaugurated a centenary building and two museums which showcase the KBL’s 100-year journey at its headquarters in Mangaluru( Karnataka).
Key People:
P Pradeep Kumar, chairman of KBL; Srikrishnan K, managing director(MD) and Chief Executive Officer (CEO) of KBL and spiritual leader Sadguru Madhusudan Sai were present at the event.
About KBL Stri:
‘KBL Stri’ is a savings bank account that enables women to determine their success, whether they are homemakers, professionals, or entrepreneurs.
- It has two accounts namely, Signature account and Premium account.
Signature Account:
i.The signature account requires a monthly average balance of Rs 5,000.
ii.It offers various benefits, including one domestic lounge per quarter with National Common Mobility Card (NCMC) RuPay Platinum Domestic Debit Card with free issuance.
iii.It also provides personal accident insurance coverage up to Rs 2 lakh and home shield insurance coverage of Rs 10 lakh.
Premium Account:
i.The premium account requires a monthly average balance of Rs 25,000.
ii.It offers a range of exclusive benefits like one domestic lounge access per quarter and two international lounge accesses per year with the NCMC RuPay Platinum International Debit Card with free issuance and Annual Maintenance Contract (AMC).
iii.The programme provides personal accident insurance coverage of up to Rs 2 lakh and home shield insurance coverage of Rs 10 lakh, ensuring financial security.
iv.The programme also includes cancer indemnity coverage of Rs 25 lakh, along with access to health consultations and medical checkups, including pap smear tests.
About KBL One Family Banking Programme:
‘KBL One Family Banking Programme’ is a banking solution that connects the family under a single Identification(ID), providing personalized advantages, shared privileges, and seamless access.
About Karnataka Bank:
Managing Director (MD) & Chief Executive Officer (CEO) – Srikrishnan Harihara Sarma
Headquarters – Mangaluru, Karnataka
Established – 1924
Tagline – Your Family Bank Across India
