Karnataka Bank ties up with M/s A&A Dukaan Financial Services Pvt Ltd (Bank Bazaar) for Digital Home Loan Sourcing.

Deepthi | Myequity news | Date : 27-08-2018 20:00:00 IST

Karnataka Bank has entered into an agreement with Bank Bazaar (M/s A&A Dukaan Financial Services Pvt Ltd) for Digital Home Loan Sourcing. The exchange of MOU took place in the Corporate Office of Karnataka Bank at Mangaluru by Shri Mahabaleshwara M S, Managing Director & CEO of Karnataka Bank and Shri Adhil Shetty, CEO of Bank Bazaar.

Speaking on the occasion Shri Mahabaleshwara M S, Managing Director & CEO of the Bank said “as a part of Transformation exercise the Bank has engaged the services of BankBazaar, for sourcing the Home Loan leads digitally. This will be beneficial to millennials and tech-sawy customers to reach the Bank's Home Loan Products in making the right choice."

Speaking on the tie-up Shri Adhil Shetty, CEO, BankBazaar said : “It is very encouraging to have Karnataka Bank join hands with us for their home loan products. With this tie-up, we expect to build an integrated supply chain with Karnataka Bank. This will help our partner to reach a greater number of digital customers across India, while we now have wider product options for our customers."

About Karnataka Bank Limited:

The Karnataka Bank Limited is a scheduled commercial banking institution based in Mangaluru in Karnataka, India. Karnataka Bank Limited has a network of 814 branches, 1374 ATMs and 160 e-lobbies/mini e-lobbies across 22 states and 2 union territories. It has 8,220 employees and over 9.65 million customers throughout the country. Its shares are privately owned by over 1,46,000 shareholders. In August 2008, Karnataka Bank Limited received the Sun and NDTV Green IT Award. Sun Microsystems and NDTV gave the award to in recognition of the bank's "green policies" and use of earth-friendly technology such as solar power. The bank has the Best Bank Award for "Managing IT Risk" under small bank category for the year 2010-11, instituted by Institute for Development and Research in Banking Technology (IDRBT). Karnataka Bank Limited has adopted Core banking, Internet banking and has established its "MoneyPlant" (1374 Automated Teller Machine) system across the country.

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