Karnataka Bank SWOT Analysis, Competitors & USP

Karnataka Bank

Banking and Financial Services

Banking & Financial Services

Your family bank across India

Customer centric services

Individual and Industry banking

Urban Sector

Complete Banking  solutions

Below are the Strengths in the SWOT Analysis of Karnataka Bank:

1.  Over 470 branches across 20 states and 2 Union Territories
2.  Emphasis on customer satisfaction
3.  Has over 5844 employees and 4.84 million customers, including farmers and artisans in villages and small towns throughout the country
4. Quick Remit, a facility to make money transfer easy for Non-Resident Indians living in Canada, USA and the UK

Here are the weaknesses in the Karnataka Bank SWOT Analysis:

1. Less reach across country in terms of ATM’s, branches as compared to bigger banks

2.  Brand visibility is less due to lack of advertising

Following are the Opportunities in Karnataka Bank SWOT Analysis:

1.  International banking in areas with good pockets of Indian population
2.  Rural banking and more services for the rural areas

The threats in the SWOT Analysis of Karnataka Bank are as mentioned:

1.  Economic slowdown
2.  Highly competitive environment
3. Stringent Banking Norms

Below are the top 6 competitors of Karnataka Bank:

1.  Indian bank
2.  Union  Bank of India
3.  Federal  bank
4.  Dhanalakshmi Bank
5.  Lakshmi vilas Bank
6.  Karur Vysya Bank .