PRESS RELEASE

Karnataka Bank eyes for Rs.65000 crores business

Karnataka Bank, a premier Bank among the private sector Banks is targeting for a business turn over of Rs. 65000 crores for the new financial year 2012-13. The Managing Director of the Bank, Sri P.Jayarama Bhat while setting the agenda for new financial year 2012-13, has declared that Bank is all set to achieve a growth rate of 25% during current fiscal.

In the preceding financial year, Bank has many achievements to its credit.  Now the Bank has more than 500 branches. The business turnover has exceeded Rs. 52000 crores. Customer base has increased substantially & it has crossed 50 lakhs.

In the year just concluded, Bank has acquired new customers of over 7.50 lakhs and the Bank plans to canvass more than 10 lakh new customers during the New Year 2012-13.

For the year 2012-13, Bank has planned for opening 50 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 to the customers which is going to enhance convenience to the customers.