Karnataka Bank, the Mangalore based premier private sector bank is planning to open 50 new branches and 275 new ATMs to take the tally of total business outlets to 2000 (725 branches and 1275 ATMs) by the end of the current fiscal. Further, the Bank is eyeing a total business turnover of Rs 91,000 crore for the Current year 2015-16.
The bank has posted a rise of 65.52% in its net profit at Rs 134.42 crore for the quarter ended March 31, 2015 as compared to Rs 81.21 crore for the same quarter in the previous year. Total income of the bank has increased by 11.55% at Rs 1308.04 crore for quarter under review as compared to Rs 1172.58 crore for the quarter ended March 31, 2014.
