Karnataka Bank launched two new products — ‘KBL Stri’ and ‘KBL One Family Banking Programme’ — to mark its 101st founders’ day on Tuesday.

According to the bank, ‘KBL Stri’ is a savings bank account designed for women to define their own success whether they are home-makers, professionals or entrepreneurs.

‘KBL One Family Banking Programme’ is a banking solution that links the family under one ID, offering tailored benefits, shared privileges and seamless access.

Welcoming the gathering in Mangaluru on Tuesday, Srikrishnan H, Managing Director and Chief Executive Officer of the bank, said Karnataka Bank over the last 24 months has embarked on major transformative steps to enhance its presence, and embrace technology and digital infrastructure for serving its constituents. Various other initiatives to improve process, products, service culture form part of its ongoing journey, he said.

“Most of the investments that are required for the improvisation of processes, products and technology infrastructure are already in place, and we will hope to reap the benefits of all these initiatives in the short- as well as in the long-term as we go forward,” he said.

The well-planned strategies and the support from all its stakeholders have helped the bank to keep going strong, vibrant, resilient, evolve and to stay relevant, he said.

Speaking on the occasion, P Pradeep Kumar, Chairman of the Bank, said crossing 100-year mark was a monumental achievement. He said it is time, the bank reassures itself that it is not sitting on its past laurels. “We are stepping into a new era with renewed energy. Karnataka Bank is embarking on a major transformational exercise to make it a truly digital bank,” he said, adding, the bank is well capitalised and fully aligned to the modern day banking requirements.

Madhusudan Sai, spiritual leader, who delivered the founders’ day lecture, said it is important to build bonds with the customers.

Sekhar Rao, Executive Director of the Bank, proposed a vote of thanks.