Karnataka Bank, the Mangalore based premier private sector Bank is targeting a business turnover of Rs 91,000 crore comprising of Deposits of Rs 53,500 crore and advances of Rs 37,500 crore for the financial year 2015-16. The banks is also planning to open 50 new branches (including 13 Financial Inclusion Branches) and 275 new ATMs and increase the total number of service outlets to 2,000 comprising of 725 branches and 1275 ATMs, by the end of March 2016.
Karnataka Bank is a major private sector banking institution based in the coastal city of Mangalore in Karnataka, India. As on March 31, 2015, the Bank has 1,675 service outlets comprising of 675 branches and 1000 ATMs located across India. During the year 2014-15, Bank has opened 75 new branches and 300 ATMs. Further, as part of Bank’s Financial Inclusion initiative, the bank has opened 19 Financial Inclusion branches in Unbanked Rural centres during the year.
