Annual Report 2010-2011 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2010-2011. During the financial year, The Bank’s total business turnover of the Bank was Rs. 44684.52 Crore as on 31^st March 2011, an increase of 17.08% over the preceding year. The total deposits of the Bank grew from Rs. 23730.65 Crore as on 31^st March 2010 to Rs. 27336.45 Crore as on 31^st March 2011, registering a growth of 15.19%. The Bank earned an operating profit of Rs. 355.29 Crore for the year 2010-11 as against Rs. 260.84 Crore for the previous year showing a growth of 36.21%. The net profit of the Bank increased from Rs. 167.12 Crore to Rs. 204.61 Crore. The earnings per share (basic) and the book value of the share as on 31^st March 2011 stood at Rs. 15.20 and Rs. 129.08 respectively.

The Board of Directors of the bank was pleased to recommend a dividend of @30% for the financial year 2010-11.

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