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Mangalore: Karnataka Bank Eyes for Rs 65,000 cr Business

  •   Tue, Apr 03 2012 11:35:28 AM

Media Release

Mangalore, Apr 3: Karnataka Bank, a premier Bank among the private sector banks is targeting for a business turn over of Rs 65,000 crore for the new financial year 2012-13. The managing director of the bank, P Jayarama Bhat, while setting the agenda for the new financial year 2012-13, has declared that the bank is all set to achieve a growth rate of 25% during the current fiscal.

The bank currently has more than 500 branches. The business turnover has exceeded Rs 52,000 crores. Customer base has increased substantially and has crossed 50 lac.

In the year just concluded, the bank has acquired new customers of over 7.50 lacs and the bank plans to canvass more than 10 lac new customers during the new year 2012-13.

For the year 2012-13, Karnataka Bank has planned to open 50 new branches to increase the number of branches to more than 550.It is aiming to open 100 new ATMs. Thereby total number of ATMs of the bank will be 450. Thus, the bank, with 550 branches and 450 ATMs, has planned to have 1000 service outlets all over India.

As a customer centric Bank, soon the Bank is going to introduce mobile banking service for the convenience of the customers.

  

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Comment on this article

  • RR, Mangalore

    Tue, Apr 03 2012

    It is a great news for Mangaloreans that our own premier Pvt sector bank has crossed 50000 crore business mark this march 2012 and set out ambitious plans for growth with 30% for YE 2012-13, Inspite of the fact that three PSU banks which have originated here have national/global presence today and doing nation building ,there is dearth of good/courtecious service and great potential for banking business here and elsewhere.Though undevided DK dist is the cradle of banking activity,today we see eroding good service in banks.It is true that FM has recently expressed is serious concern in the matter.
    For Karnataka Bank,customer service is the main scoring point for future growth plan and also its stability in terms of internal health.i.e., lower NPA ratio,good net interest margin,good CAR,sound credit delivery system,comfortable CASA ratio,good HRD policy etc.,
    We wish that this bank should grow faster the rate of other PSU banks with sound principles and actively do the nation building functions unhinderd.

    DisAgree Agree [9] Reply Report Abuse


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