Annual Report 2008-2009 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2008-2009. During the financial year, The Bank’s total business turnover touched Rs. 32143.34 Crore, an increase of 15.38% over the preceding year. The total deposits of the Bank grew from Rs. 17016.19 Crore as on 31^st March 2008 to Rs. 20333.29 Crore as on 31^st March 2009, registering a growth of 19.49%. The Bank posted an operating profit of Rs. 480.21 Crore for the year 2008-09 as against Rs. 390.60 Crore for fiscal 2007-08. The net profit of the Bank increased from Rs. 241.74 Crore to Rs. 266.70 Crore. The earnings per share (basic) and the book value of the share stood at Rs. 21.96 and Rs. 128.89 respectively as on 31^st March 2009.

The Board of Directors of the bank was pleased to recommend a dividend of @60% for the financial year 2008-09.

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