Annual Report 2006-2007 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2006-2007. During the financial year, The Bank’s total business turnover touched Rs. 23590.12 Crore, an increase of 12.15% over the preceding year. The total deposits of the Bank grew from Rs. 13243.16 Crore as on 31^st March 2006 to Rs. 14037.44 Crore as on 31^st March 2007. The operating profit increased from Rs. 328.29 Crore to Rs. 356.58 Crore showing a growth of 8.62%. The net profit of the Bank increased from Rs. 176.03 Crore to Rs. 177.03 Crore. The earnings per share (weighted average) and the book value of the share stood at Rs. 14.60 and Rs. 102.08 respectively as on 31^st March 2007.

The Board of Directors of the bank was pleased to recommend a dividend of @35% for the financial year 2006-07.

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