Financial Daily from THE HINDU group of publications
Friday, Apr 02, 2004
Financial Daily from THE HINDU group of publications Friday, Apr 02, 2004 |
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Money & Banking
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Outlook Karnataka Bank eyes Rs 17,000-cr turnover Our Bureau
Mangalore , April 1 KARNATAKA Bank Ltd, which registered a business turnover of over Rs 14,100 crore for 2003-04, is aiming at a turnover of Rs 17,000 crore for the financial year 2004-05. Addressing the staff members of the bank at the corporate office here on Thursday, the Chairman and Chief Executive Officer, Mr Anantakrishna, emphasised the need to increase the volume of business by widening the customer base while fulfilling the demands and needs of customers within the prescribed norms. The road map unveiled by him for the fiscal 2004-05 has set a deposit target of Rs 11,000 crore. It envisages advancing Rs 6,000 crore during the period. Apart from bringing down the NPA levels, it aims at earning Rs 150 crore net profit during the current financial year. Setting up of exclusive asset recovery branches in Chennai and Mumbai and opening of 20 new branches with Finacle software are also planned. The General Managers, Mr P. Jayarama Bhat, Mr G.K. Bhat, Mr N.S. Chakkera and Mr Jayagopal Yekkar, were present.
More Stories on : Outlook | Private Banks | Karnataka
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