Target for turnover of Rs 1,44,000 crore: Karnataka Bank

Target for turnover of Rs 1,44,000 crore: Karnataka Bank

April 1: Karnataka Bank managing director and chief executive officer (CEO) Mahabaleshwara M S said that their business target for the turnover in next financial year was Rs 1,44,000 crore, with a growth rate of 16%. He  highlighted the Bank’s performance in the financial year 2018-19 and rolled out the agenda for the new financial year on Monday.
He listed out provisional figures for the financial year that ended in March 2019. The Bank has achieved a new business high of Rs 1,23,300 crore turnover. It has also registered a growth rate of 12% on a year-on-year basis. The advances of the Bank have increased from Rs 47,252 crore to Rs 54,883 crore in the financial year 2018-19, registering a growth of 16.1% (provisional) over the corresponding period of the previous year.
He added that the deposits of the Bank had grown from Rs 62,871 crore to Rs 68,459 crore in 2018-19, with a growth of 8.9% over the corresponding period of the previous year. He even informed that the Bank has 836 branches spread across 22 states and 2 union territories and plans to add 24 new branches and 70 new e-lobbies, where the Bank intends to focus on increasing business in every branch.

Latest News

Build a career in Digital Marketing with solid foundation. Learn core marketing and digital tools like Google Adwords, Facebook Ads, SEO, Google Analytics, Social Media Marketing, Website Enhancement, SEO content writing, Pay Per Click. Study on live projects. Hurry up!
Contact us. @ 9900144664 OR
Visit Us @ bluelinecomputers.com

also read