This is an archive article published on April 7, 2023
Karnataka Bank plans 17.69% growth rate this year
Karnataka Bank stepped into its 100th year of purposeful service to the nation on February 18 this year and launched year-long centennial celebrations.
The business turnover of the bank stood at Rs 1,48,694 crore with a growth rate of 7.63 per cent, comprising deposits of Rs 87,362 crore and advances of Rs 61,326.00 crore (FILE) Karnataka Bank plans to achieve a growth of 17.69 per cent in its centenary year of 2023-24 to take its total business turnover to Rs 1,75,000 crore, its CEO and Managing Director M S Mahabaleshwara has said.
Addressing the staff members of branches and offices across the country in the new financial year from the Mangaluru head office through virtual mode on Friday, he outlined the blueprint of the strategies and broad plan of action for the year 2023-24.
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As per the provisional numbers, the business turnover of the bank stood at Rs 1,48,694 crore with a growth rate of 7.63 per cent, comprising deposits of Rs 87,362 crore and advances of Rs 61,326.00 crore, he said.
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