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P Jayarama Bhat has completed five years of as Managing Director of Karnataka Bank Ltd, according a press statement here.
It said that Bhat, who assumed office on July 14, 2009, completed five years as Managing Director of the bank on Tuesday.
It said that the bank has shown an all round growth during last five years under his leadership. The business turnover of the bank increased to ₹70,300 crore from ₹32,000 crore as on July 2009.
It said that the networth of the bank increased to ₹3,052 crore from ₹1,567 crore. The bank added 746 outlets – that includes161 branches, 544 ATMs, 41 ultra-small branches -- during last five years. The bank has planned to achieve business turnover of ₹83,000 crore and to expand total outlets to 1,741 by the end of March.
The bank is also planning to establish e-lobby 24X7 banking services shortly, the statement added.
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