Walkathon for creating banking awareness among public

Employees of Karnataka Bank participated in a walkathon under the leadership of managing director and CEO Mahabaleshwara M S in Mangaluru city on Saturday.

"Although the country has completed more than 7 decades of independence, 40% of the population have still not been covered under formal banking system. This march is conducted to promote the prime minister's mission to provide banking facility to all the citizens of the country especially 'unbanked' population in remote villages and rural areas and thus realise financial inclusion in its true sense," said Mahabaleshwara M S.

"The major objectives of today's road show are to promote financial literacy, to popularise customer friendly products of the Bank, to convey the importance of savings habit and to create awareness about the safety measures to be adopted in digital banking. The road show assumes significance in the context of the demonetisation and digitisation drive launched by the Central government. Karnataka Bank is fast moving into the next generation of banking, offering the best products in-line with the latest developments happening in digital technology space to take on board the unbanked sections of the society. We are sure that this initiative will help increase financial awareness in the public and contribute towards strengthening the economy of the country. The initiative will be replicated in other major cities of the country in the months to follow," said the managing director.

The road show was flagged off at the Bank's Mangaluru Regional Office building at Kodialbail jointly by Jayarama Bhat, chairperson, and Mahabaleshwara M S.

Jayarama Bhat said, "Most of the branches of the Bank are located in rural areas. The Bank has always treated it as its responsibility to offer banking services to the rural population."

P R Karanth, general secretary, All India Karnataka Bank Employees' Association (AIKBEA), top executives of the Bank and around 700 staff members of the Bank, working in different offices of the Bank at Mangaluru, took part in the road rally. They held placards with messages promoting awareness about various aspects of general banking from the regional office of Mangaluru at Kodialbail to the head office of the Bank at Pumpwell.