Karnataka Bank has crossed a business turnover of Rs 50,000 crore during the current financial year. The bank aims to cross a business turnover of Rs 54,000 crore by the end of the current fiscal.
The bank has recorded a growth of 86.71% in net profit quarter ended December 31, 2011 at Rs 72.05 crore as against Rs 38.59 crore in the corresponding period of the previous fiscal. Total income of the lender rose by 32.5% to Rs 882.72 crore during the October-December quarter, against Rs 668.45 crore in the same period last year.