CURRENT AFFAIRS

Detailed explanation-1: -KARNATAKA BANK PARTNERS WITH THE BOSTON CONSULTING GROUP FOR BUSINESS TRANSFORMATION.

Detailed explanation-2: -BCG’s wholesale banking consulting teams comprise industry practitioners; technology, data, and artificial intelligence specialists; and climate, finance, risk, and regulatory experts. These teams support banking and nonbanking institutions across the wholesale banking ecosystem on a global scale.

Detailed explanation-3: -BCG in India works with clients in a variety of industries, including industrial goods, consumer goods, health care, financial services, technology, and communications-in the public and private sector-and with both local organizations and multinational corporations.

Detailed explanation-4: -KBL NxT concept was launched in 2021 under KBL Vikas 2.0 focusing digitisation of its various verticals, including operations, human resources, customer experience, digital marketing etc.

Detailed explanation-5: -F2B Digitization. Front to back (F2B) digitization enables financial institutions to deploy all digitization levers at the same time, revolutionizing banking and unlocking value. A financial institution performs roughly 4, 000 processes to handle all customer interactions.