Lord Krishna Bank – Various Services Offered by the Bank

 

 

 

 

Overview

Lord Krishna Bank is private sector bank. The headquarters of this bank are at Kodungallur in Thrissur District of Kerala in India. The bank was established in 1940. This bank is one of the oldest private banks of India and has become one of the fastest developing private banks. This bank acquired three other commercial banks Josna Bank, Thlyya Bank, and Kerala Union Bank in 1960. The bank is spread across nearly in ten states of India. The bank touched an industrial volume of Rs. 10,000 crore in the year 2005.

Product and Services offered by Lord Krishna Bank

Lord Krishna Bank offers excellent banking products and services to its customers. This bank offers these products and services to the retail sector as well as big and small sized businesses. Various loans are also offered by the bank like Lord Krishna Bank personal loan, Lord Krishna Bank home loan, consumer loan, trade loan, personal loan, car loan, and education loan. Lord Krishna Bank also offers various financial products such as life insurance, tax saving bonds, non-life insurance, and investments in mutual funds. The bank has also introduced ground breaking retail services and products for the clients. Various Boutique branches have been established in India. These offer various loan services, financial products and various other services such as debit card and depository facilities.

Apart from this Lord Krishna Bank introduced global banking standards for its customers. Lord Krishna Bank internet banking enabled 24hrs banking services along with tele-banking facilities. Lord Krishna Bank online service enables customers to carry out transaction sitting at home or office. This bank after making its mark in South India has expanded the network in various other parts of India. This bank has been established as a top player in the Indian banking sector. Lord Krishna bank timing is also convenient for all the customers. Lord Krishna Bank has redefined the business strategies and this has given boost to the bank.

In order to expand the business activities, the bank joined hands with Western Union Financial Services in 2002. This enabled the fund transfer from any part of the world. The merger of this bank and Centurion Bank of Punjab was approved by RBI and the shareholders of both the parties in the year 2007. The exchange ratio that was decided was 5:7. This indicates that the shareholders of Centurion bank would acquire seven shares on every five shares that are acquired by Lord Krishna Bank.