Karnataka Bank targets for Rs 78K biz in FY13-14
By Vaibhav Aggarwal
Apr 2, 2013
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The private sector lender, Karnataka Bank is aiming for business of Rs 78000 crore for financial year 2013-2014.

The total business would include deposits of Rs 45,500 crore and credit of Rs 32,500 crore in 2013-14, said Mr. P Jayarama Bhat, Managing Director of the bank.

Mr. Bhat said that the bank's business touched Rs 61,300 crore in 2012-2013. This also includes deposits of Rs 36,050 crore and advances of Rs 25,250 crore.

The overall credit-deposit ratio of the bank stood at 70 per cent. In case of disbursal of credit, Karnataka Bank surpassed the projected targets for priority sector (40 per cent), agricultural sector (18 per cent) and weaker section (10 per cent) during 2012-13.


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