Karnataka Bank becomes part of Khajane-II – Karnataka Bank Ltd has become part of the Karnataka Government’s integrated financial management system (IFMS) – Khajane-II — for implementing a single nodal agency (SNA) account system for Centrally-sponsored schemes.
- Karnataka Bank will help in implementing various sponsored schemes by the Government for the disbursement of cash benefits to the targeted beneficiaries via direct credit to their bank accounts in a safe, secure and speedier manner.
- It will also engage and partner with the Karnataka state Govt for executing its various initiatives toward welfare.
- Khajane-II is an integrated payment system where banks will be linked together to make an e-payment through this gateway.
About Karnataka Bank –
- Headquarters: Mangaluru
- CEO: Mahabaleshwara M. S
- Founded: 18 February 1924
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