Karnataka Bank’s gross advances stood at Rs 63658.59 crore (provisional) as of December 31, 2022 (Q3FY23), posting a 12.37% rise in year-on-year (YoY) terms as against Rs 56651.67 crore as of December 31, 2021. Its CASA stood at Rs 26991.74 crore (Provisional) as of December 31, 2022, posting a 9.95% rise as against Rs 24549.42 crore as of December 31, 2021, on yearly basis. Aggregate deposits increased 7.87% to Rs 84592.60 crore (provisional) as of December 31, 2022, as compared to Rs 78424.86 crore as of December 31, 2021.
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.
