Karnataka Bank awarded with Digital Transformation Award by CII

4 Feb 2022 , 01:25 PM

Karnataka Bank is awarded with the prestigious Digital Transformation Award, ‘DX 2021 Awards’ in recognition of the “Innovative” Best Practice ‘KBL VIKAAS’, conferred by Confederation of Indian Industry [CII] for Best Practice in Digital Transformation.

Commenting on the achievement, Mahabaleshwara M.S, MD & CEO, said ‘”KBL VIKAAS’ a wholistic transformation journey, launched by the Bank in the year 2017, has enabled the Bank in implementation of digital capabilities.

The digital capabilities includes digital journeys for Asset & Liability products, enhancement in customer experience under ADC products and bringing in strong culture of sales & marketing. Bank has recently launched digital transformation journey ‘KBL NxT’ as part of wave 2.0 of ‘KBL VIK.AAS’, with an objective of taking the digital initiatives to the next level and eventually emerge as ‘The Digital Bank of Future'”.

At around 1:26 PM, Karnataka Bank was trading at Rs66.45 apiece down by Rs1.6 or 2.35% on the BSE.