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Karnataka Bank plans to open 100 new ATMs

05 Mar 2015 Evaluate

Karnataka Bank, one of the leading private sector banks of India, is planning to open 100 new ATMs to increase its ATM count to 1000 by the end of March 2015. In line with the Government’s Digital India Initiative, Karnataka Bank aims at digitally empowering the citizens of the country through its ATMs and other digital banking infrastructure without compromising on quality and security, to safeguard the interests of its customers and the public and to provide them a safe digital banking environment. The bank had recently opened its 900th ATM at its newly opened Branch at Thanjavur, Tamilnadu.

Karnataka Bank has registered a marginal gain of 0.22% in its net profit at Rs 106.94 crore for third quarter ended December 31, 2014 as compared to Rs 106.70 crore for the same quarter in the previous year. Total income of the bank has increased 17.09% at Rs 1364.69 crore for Q3FY15 as compared Rs 1165.54 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HDFC Bank 729.10
ICICI Bank 1337.10
Axis Bank 1240.90
Kotak Mahindra Bank 412.80
Indusind Bank 957.10
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