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Karnataka Bank’s gross advances rise 10.09% in Q2FY23

03 Oct 2022 Evaluate

Karnataka Bank’s gross advances stood at Rs 60,967.57 crore (Provisional) as of September 30, 2022 (Q2FY23), a growth of 10.09% to Rs 55,378.17 crore as of September 30, 2021. The Bank’s CASA deposits aggregated to Rs 26,790.36 crore (Provisional) as of September 30, 2022, a growth of 12.78% to Rs 23,755.08 crore as of September 30, 2021.

Aggregate deposits grew 6.13% to Rs 81,628.97 crore (Provisional) as of September 30, 2022, as compared to Rs 76,916.79 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 80,380.81 crore as of March 2022.

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.

Peers
Company Name CMP
HDFC Bank 685.00
ICICI Bank 1385.70
Axis Bank 1226.10
Kotak Mahindra Bank 457.00
Indusind Bank 868.40
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