Karnataka Bank’s whole CASA (present and financial savings account) deposits now stand at 32.97 per cent of whole deposits as on March 31, 2023. (Photo: Bank’s web site)
As per the provisional numbers, the financial institution’s enterprise turnover stands at Rs 1,48,694 crore with a development fee of seven.63 per cent, comprising deposits of Rs 87,362 crore and advances of Rs 61,326.00 crore
Karnataka Bank plans to realize a development of 17.69 per cent in its centenary 12 months of 2023-24 to take its whole enterprise turnover to Rs 1,75,000 crore, its CEO and Managing Director M S Mahabaleshwara has stated. Addressing the employees members of branches and places of work throughout the nation within the new monetary 12 months from the Mangaluru head workplace via digital mode on Friday, he outlined the blueprint of the methods and broad plan of motion for the 12 months 2023-24.
As per the provisional numbers, the enterprise turnover of the financial institution stood at Rs 1,48,694 crore with a development fee of seven.63 per cent, comprising deposits of Rs 87,362 crore and advances of Rs 61,326.00 crore, he stated. The whole CASA (present and financial savings account) deposits now stand at 32.97 per cent of whole deposits as on March 31, 2023.
“We have navigated the financial year fairly well by exhibiting sustainable growth in liabilities and assets, prudent asset liability management, negating the adverse after-effects of global developments like rising interest rates and Ukraine war,” he stated.
Karnataka Bank stepped into its one hundredth 12 months of purposeful service to the nation on February 18 this 12 months and launched year-long centennial celebrations.
The financial institution’s Executive Director Sekhar Rao, in his deal with, stated the efficiency of the financial institution for the 12 months passed by had been passable below the given macro-economic situation. The financial institution is poised to strengthen its operational ratios within the coming quarters given its strong fundamentals, good IT infrastructure and the hygiene of the credit score portfolio, he stated.
Chief Operating Officer Y V Balachandra, Chief Business Officer Gokuldas Pai, common managers and different executives and employees members of the pinnacle workplace had been current in the course of the digital deal with, a launch from the financial institution right here stated.
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