Annual Report 2012-2013 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2012-2013. During the financial year, The Bank’s total business turnover was Rs. 61263.90 Crore as on 31^st March 2013, an increase of 17.07% over the preceding year. The total deposits of the Bank grew from Rs. 31608.32 Crore as on 31^st March 2012 to Rs. 36056.22 Crore as on 31^st March 2013, registering a growth of 14.07%. The Bank earned an operating profit of Rs. 635.34 Crore for the year 2012-13 as against Rs. 510.21 Crore for the previous year showing a growth of 24.53%. The net profit of the Bank increased from Rs. 246.07 Crore to Rs. 348.08 Crore. The earnings per share (basic) and the book value of the share as on 31^st March 2013 stood at Rs. 18.48 and Rs. 151.70 respectively.

The Board of Directors of the bank was pleased to recommend a dividend of @40% for the financial year 2012-13.

More Annual Report of Karnataka Bank Limited: