The Karnataka Bank aims for a turnover of Rs. 1.75 lakh crores

Karnataka Bank Ltd has targeted a total business turnover of Rs. 1.75 lakh crore during 2023-14, according to Mahabaleshwara MS, Managing Director and Chief Executive Officer of the bank.

He said as per the provisional numbers, the business turnover of the bank stood at Rs. 1,48,694 crores with a growth rate of 7.63 per cent.

This included deposits of Rs. 87,362 crore and advances of Rs. 61,326 crores. The total CASA (current account savings account) deposits stood at 32.97 per cent of total deposits as on March 31. Karnataka Bank has stepped into its 100th year.