Annual Report 2013-2014 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2013-2014. During the financial year, The Bank’s total business turnover was Rs. 68928.32 Crore as on 31^st March 2014, an increase of 12.51% over the preceding year. The total deposits of the Bank grew from Rs. 36056.22 Crore as on 31^st March 2013 to Rs. 40582.83 Crore as on 31^st March 2014, registering a growth of 12.55%. The Bank earned an operating profit of Rs. 687.05 Crore for the year 2013-14 as against Rs. 635.34 Crore for the previous year showing a growth of 8.14%. However, the net profit of the Bank decreased from Rs.348.08 Crore to Rs. 311.03 Crore on account of higher provisioning needs. The earnings per share (basic) and the book value per share as on 31^st March 2014 stood at Rs. 16.51 and Rs. 162 respectively.

The Board of Directors of the bank was pleased to recommend a dividend of Rs. 4/- per share (i.e. 40% on the paid-up capital same as the previous year) for the reporting year. The dividend payout ratio for the year works out to 24.25%.

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