Karnataka Bank, the Mangalore based premier private sector bank, has opened 7 new branches and 36 ATMs during Q 1, taking the tally of service outlets to 1718 which comprises of 682 branches and 1,036 ATMs, as at the end of June 2015. The bank is also eyeing a business turnover of Rs 91,000 crore for the year 2015-16 comprising of deposits of Rs 53,500 crore and advances of Rs 37,500 crore.
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.
