Bank sets up subsidiary
The Hindu
Karnataka Bank on Tuesday operationalised its wholly owned non-financial subsidiary KBL Services Ltd. having its Registered and Head Office in Bengaluru. The subsidiary was established as conceptualis
Karnataka Bank on Tuesday operationalised its wholly owned non-financial subsidiary KBL Services Ltd. having its Registered and Head Office in Bengaluru. The subsidiary was established as conceptualised under the transformation journey ‘KBL – VIKAAS’ in achieving the bank’s strategic objectives in the long run. Bank MD and CEO M.S. Mahabaleshwara, who is also non-executive chairman of KBL Services Ltd., said that formation of the first wholly-owned non–financial subsidiary was a significant milestone. The bank is taking a big step in realigning its business strategy with the objectives of improving efficiency and achieving better results and valuation in the long run.
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