Karnataka Bank, one of the leading private sector banks of India, has inaugurates its 900th Moneyplant ATM at its newly opened Branch at Thanjavur in state of Tamil Nadu on March 04, 2015. The bank plans to increase its ATM count to 1000 by the end of March 2015.
In line with the Government’s Digital India Initiative, the 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 has registered a marginal gain of 0.22% in its net profit at Rs 106.94 crore for third quarter ended December 31, 2014 under review 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.
Gross non-performing assets (NPAs) improved to 3.44% in the October- December quarter as against 3.65% in the same quarter previous year, while net NPAs stood at 2.41%.
