Karnataka Bank’s gross advances stood at Rs 61326.42 crore (provisional) as of March 31, 2023 (Q4FY23), posting a 6.16% rise in year-on-year (YoY) terms as against Rs 57769.34 crore as of March 31, 2022. Its CASA stood at Rs 28807.04 crore (Provisional) as of March 31, 2023, posting a 8.71% rise as against Rs 26499.59 crore as of March 31, 2022, on yearly basis. Aggregate deposits increased 8.69% to Rs 87362.56 crore (provisional) as of March 31, 2023, as compared to Rs 80380.81 crore as of March 31, 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.
