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Karnataka Bank launches Online KYC updation portal; Stock ends 2% higher

The updation of KYC at periodic intervals is a statutory requirement as per RBI guidelines.

January 20, 2022 3:47 IST | India Infoline News Service
Karnataka Bank
The Karnataka Bank Limited launched its “Online KYC updation” portal, to facilitate the customers to update their KYC documents through online mode from their convenient place and time, without visiting the branch.

Mahabaleshwara MS, Managing Director & CEO of the Bank, said “This is one of the digi initiatives of the bank to help the customers to update their KYC especially during the pandemic situation. The updation of KYC at periodic intervals is a statutory requirement as per RBI guidelines and the new portal helps the customers to submit their KYC through an online process, without visiting the branch.

This enables the customers to update their KYC at the Bank and continue to operate the account without any hassle.”

Gokuldas Pai, Chief Business Officer, General Managers and other Executives/Officers of the Bank were present on the occasion.

Karnataka Bank Ltd stock trade ended at Rs66.80 per piece up by Rs1.45 or 2.22% from its previous closing of Rs65.35 per piece on the BSE.

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