Karnataka Bank is aiming to achieve a growth of 17.69 per cent in 2023-24 to take its total business turnover to Rs 1,75,000 crore. As per the provisional numbers, the business turnover of the bank stood at Rs 1,48,694 crore with a growth rate of 7.63 per cent, comprising deposits of Rs 87,362 crore and advances of Rs 61,326.00 crore. The total CASA (current and savings account) deposits now stand at 32.97 per cent of total deposits as on March 31, 2023.
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.
