Annual Report 2014-2015 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2014-2015. During the financial year, The Bank’s total business turnover was Rs. 77688.60 Crore as on 31^st March 2015, an increase of 12.71% over the preceding year. The total deposits of the Bank grew from Rs. 40582.83 Crore as on 31^st March 2014 to Rs. 46008.61 Crore as on 31^st March 2015, registering a growth of 13.37%. The Bank earned an operating profit of Rs. 773.38 Crore for the year 2014-15 as against Rs. 687.05 Crore for the previous year showing a growth of 12.57%. The net profit of the Bank increased from Rs. 311.03 Crore to Rs. 451.45 Crore on account of lesser provision requirement for depreciation. The net profit showed a growth of 45.15%. The earnings per share (basic) and the book value per share as on 31^st March 2015 stood at Rs. 23.96 and Rs. 179.84 respectively.

The Board of Directors of the bank was pleased to recommend a dividend of Rs. 5/- per share i.e. @50% on the paid-up capital (previous year 40%) for the reporting year. The dividend payout ratio for the year works out to 20.87%.

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