Private sector lender Karnataka Bank has recently launched its first financial literacy center in Dakshina Kannada district of Karnataka.

The center has been incepted by the lender in collaboration with Manipal-based Jnana Jyothi Financial Literacy and Credit Counselling Trust.

Speaking on the launch, managing trustee of Jnana Jyothi Financial Literacy and Credit Counselling Trust, Mr D.T. Pai said that Karnataka Bank is the first private lender which has taken up an initiative of this kind.

Mr A K Bhattacharya, General Manager of RBI talked about the increasing need for financial literacy along with financial inclusion in the country. He said that such steps would definitely aid in increasing the level of knowledge in this regard amongst people.