HomeNewsBankingKarnataka Bank becomes part of Khajane-II

Karnataka Bank becomes part of Khajane-II

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

  • 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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