Karnataka Bank to offer loans through Paisabazaar

To propel its digital initiative, Karnataka Bank entered into a strategic partnership with Paisabazaar.com, wherein it will use their platform to offer its home loan products to customers.

Paisabazaar is one of India’s largest online platforms for financial products. Customers can now access the platform to choose and apply for home loans from Karnataka Bank. The partnership will benefit Karnataka Bank not only because most customers are using digital channels to satisfy their lending needs, but also because it will give the bank access to an enormous customer base.

Karnataka Bank offers a comprehensive range of customized products and services to meet the unique requirements of every kind of market and trade – be it Business or Personal. They include borrowing facilities, deposits, providing most favourable returns on surplus funds and assisting with overseas transactions.

On Wednesday, the shares of Karnataka Bank opened at Rs. 111.00, and hit a high and low of Rs. 111.95 and Rs. 110.15, respectively. At the close of market hours, the stock was trading at Rs. 111.45, up 1.50 per cent.