Karnataka Bank has clocked a business turnover of Rs 82,592 crore as on December 31, 2015, registering a y-o-y growth of 9.92%. The deposits of the bank rose to Rs 49,664 crore registering y-o-y growth of 10.86%. Advances rose to Rs 32,928 crore registering y-o-y growth of 8.54%.
The gross NPAs stood at Rs 1,187 crore and constituted 3.56% of total advances as on December 31, 2015. The Net NPA stood at Rs 791 crore representing 2.41% of net advances as on December 31, 2015.
The bank has a network of 1,882 service outlets comprising of 702 branches and 1,180 ATMs spread across the country. The bank is poised to increase its number of outlets to 2,000 comprising of 725 branches and 1,275 ATMs, by the end of March 2016.
