Karnataka Bank is reportedly aiming to double its business to Rs 1.80 lakh crore in three years from Rs 93,737 crore in 2016-17. In this regards, the company has worked out a growth schedule for the next three years with a 20:30:40 formula. This envisages achieving an incremental business of Rs 20,000 crore, Rs 30,000 crore and Rs 40,000 crore in 2017-18, 2018-19 and 2019-20, respectively.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
