Annual Report 2007-2008 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2007-2008. During the financial year, The Bank’s total business turnover touched Rs. 27858.16 Crore, an increase of 18.09% over the preceding year as against an increase of 12.15% achieved during the previous year. The total deposits of the Bank grew from Rs. 14037.44 Crore as on 31^st March 2007 to Rs. 17016.19 Crore as on 31^st March 2008, registering a growth of 21.22%. The Bank posted an operating profit of Rs. 390.60 Crore for the year as against Rs. 356.59 Crore for fiscal 2007. The net profit of the Bank increased from Rs. 177.03 Crore to Rs. 241.74 Crore. The earnings per share (basic) and the book value of the share stood at Rs. 19.92 and Rs. 113.69 respectively as on 31^st March 2008.

The Board of Directors of the bank was pleased to recommend a dividend of @50% for the financial year 2007-08.

More Annual Report of Karnataka Bank Limited: