Posts

Showing posts with the label Centenary Year of Karnataka Bank

Hyderabad Mint Commences Bookings for Karnataka Bank Coins

Image
The India Government Mint, Hyderabad, has commenced bookings for the ₹100 commemorative coin issued to commemorate the Centenary Year of Karnataka Bank starting from February 19th, 2024, and it is subject to limited availability. The ₹100 coin is currently available in Proof with MDF/Wooden Box packaging, while bookings for the Proof Set and UNC Set with Folder/Blister packaging have not yet opened. The ₹100 coin in the Proof Set with MDF/Wooden Box packaging is priced at ₹4,750. During the 100th Foundation Day Celebrations of Karnataka Bank at TMA Pai Convention Centre, Mangaluru, on February 18, 2024, the Deputy Chief Minister of Karnataka, Shri D. K. Shivakumar, revealed the ₹100 commemorative coin. The commemorative coin will be accessible for purchase at the Hyderabad Mint Premises and through the official website of the India Government Mint. Please refer to the updated Current and Upcoming Bookings section for your convenience and information.

Deputy CM of Karnataka Unveils ₹100 Coin on Karnataka Bank

Image
The Deputy Chief Minister of Karnataka, Shri D. K. Shivakumar, unveiled the ₹100 commemorative coin and postage stamp while participating in the 100th Foundation Day Celebrations of Karnataka Bank at TMA Pai Convention Centre, Mangaluru, on February 18, 2024. The Attorney General of India, Shri R. Venkataramani, Chief Postmaster General of Karnataka Circle, Shri S Rajendra Kumar, Managing Director & CEO of Karnataka Bank, Shri Srikrishnan Hari Hara Sarma, and Chairman of Karnataka Bank, Shri P Pradeep Kumar, among other dignitaries, graced this significant occasion with their presence. During his address at the event, the Deputy Chief Minister expressed, "It is a matter of joy that Karnataka Bank, a source of pride for both the coastal region and the nation, is commemorating its centenary today. This bank, which has established a distinctive presence in the banking sector, has completed a century of delivering excellent services to the people. The remarkable growth of this...

FM to Unveil ₹100 Coin on Centenary Year of Karnataka Bank

Image
The Union Finance Minister, Smt. Nirmala Sitharaman, is scheduled to visit Mangaluru on February 18, 2024, to participate in the 100th Foundation Day Celebrations of Karnataka Bank . The event will take place at the TMA Pai Convention Centre. During her participation, the Finance Minister will unveil the ₹100 commemorative coin to celebrate the ' Centenary Year of Karnataka Bank. ' Additionally, the Finance Minister will address the audience with a talk on "Financial Services and their role in the Indian Economy" during this significant occasion. This insightful discussion is expected to shed light on the pivotal role of financial services in contributing to the growth and development of the Indian economy. Karnataka Bank Limited was established on February 18, 1924, and officially commenced its operations on May 23, 1924. Founded in Mangaluru, a coastal town in the Dakshina Kannada district of Karnataka, the bank has a rich history rooted in the vibrant financ...

New Commemorative Coin: Centenary Year of Karnataka Bank

Image
The Government of India will issue a ₹100  commemorative coin  to mark the Centenary Year of Karnataka Bank . The Ministry of Finance issued a gazette notification on December 29, 2023, confirming this coin. Karnataka Bank, incorporated on 18 February 1924, stands as a venerable financial institution with a rich history of service and commitment. Headquartered in Mangaluru, Karnataka, this leading private sector bank has evolved over the years to become a trusted name in the Indian banking sector. The metal composition of the ₹100 coin will consist of a Quaternary Alloy, comprising 50% Silver, 40% Copper, 5% Nickel, and 5% Zinc. The coin will weigh 35 grams and have a diameter of 44 mm, featuring 200 serrations along the edge. The coin's description is as follows. Obverse:  The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the center with the legend "सत्यमेव जयते" inscribed below, flanked on the left periphery with the word “भारत” in Dev...