The Mangaluru-based Karnataka Bank has bagged the Jamnalal Bajaj award for fair business practices, a certificate of merit under the category 'service enterprises-large'.
The bank's chief general manager M S Mahabaleshwara received the award from Ajay Piramal, chairman, Piramal Group,in Mumbai on June 14 in the presence of Shekhar Bajaj, president, and Kalpana Munshi, vice-president and chairperson of awards committee, Council for Fair Business Practices (CFBP), a bank release said.
The award was constituted by the CFPB in four categories--manufacturing, services, trade and distribution and charitable association.
Karnataka Bank Managing Director and CEO P Jayaram Bhat said in the release that their bank was committed to promoting the highest ethical practices in dealings with customers and stakeholders to provide them complete satisfaction and to create sustained value.
