Karnataka Bank opens new branch in Assam

02 Apr 2014 Evaluate

Mangalore based Karnataka Bank has reached the peak of its branch expansion programme for the current Fiscal by opening its 600th branch at Dispur in Assam on March 31, 2014. This is the 50th branch opened by the Bank during the current financial year 2013-14. The Bank has also inaugurated its 700th ATM at Nanthoor, Mangalore, on March 31, 2014, taking the total number of service outlets to 1300, consisting of 700 ATMs and 600 branches.

Karnataka Bank reported 33.25% rise in its net profit at Rs 106.70 crore for third quarter ended December 31, 2013 as compared to Rs 80.07 crore for the same quarter in the previous year. Total income of the bank increased by 10.94% at Rs 1165.54 crore for quarter under review as compared to Rs 1050.58 crore for the quarter ended December 31, 2012.

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