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Karnataka Bank targets business turnover of Rs 1,10,000 crore for 2017-18

Karnataka Bank is targeting a business turnover of Rs 1,10,000 crore comprising of Deposits of Rs 64,500 crore and advances of Rs 45,500 crore for the financial year 2017-18. The bank intends to open 35 new branches including 9 financial inclusion branches to take the tally of branches to 800 by March 2018. The bank proposes to take the tally of ATMs to 1450 from the present level of 1380 ATMs. E-lobbies / mini e-lobbies are planned to be increased to 150 from the present level of 110.

As on March 31, 2017, the Bank has 2,145 service outlets comprising of 765 branches and 1380 ATMs located across India. Bank has 110 e-lobbies/mini e-lobbies.

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.

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