Annual Report 2011-2012 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2011-2012. During the financial year, The Bank’s total business turnover was Rs. 52329.02 Crore as on 31^st March 2012, an increase of 17.11% over the preceding year. The total deposits of the Bank grew from Rs. 27336.45 Crore as on 31^st March 2011 to Rs. 31608.32 Crore as on 31^st March 2012, registering a growth of 15.63%. The Bank earned an operating profit of Rs. 510.21 Crore for the year 2011-12 as against Rs. 355.29 Crore for the previous year showing a growth of 43.60%. The net profit of the Bank increased from Rs. 204.61 Crore to Rs. 246.07 Crore. The earnings per share (basic) and the book value of the share as on 31^st March 2012 stood at Rs. 13.07 and Rs. 137.99 respectively.

The Board of Directors of the bank was pleased to recommend a dividend of @35% for the financial year 2011-12.

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