Karnataka Bank has inaugurated its 555th branch located at Peenya Industrial area, Bangalore in state of Karnataka on June 21, 2013. The bank’s 554th branch was opened at Challakere in Chitradurga district in Karnataka state on June 20, 2013.
The bank’s net profit for the quarter ended March 31, 2013 has declined by 18.96% at Rs 67.39 crore for the quarter as compared to Rs 83.16 crore for the quarter ended March 31, 2012. However, bank’s total income has increased by 14.13% at Rs 1090.32 crore for the quarter under review as compared to Rs 955.33 crore for the corresponding quarter of the previous fiscal.
