Annual Report 2015-2016 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2015-2016. During the financial year, The Bank’s total business turnover was Rs. 84390.66 Crore as on 31^st March 2016, an increase of 8.63% over the preceding year. The total deposits of the Bank grew from Rs. 46008.61 Crore as on 31^st March 2015 to Rs. 50488.21 Crore as on 31^st March 2016, registering a growth of 9.74%. Bank earned an operating profit of Rs. 854.53 Crore for the year 2015-16 as against Rs. 773.38 Crore for the previous year showing a growth of 10.49%. The net profit of the Bank decreased from Rs. 451.45 Crore to Rs. 415.29 Crore on account of the increase in provision for loan loss. The earnings per share (basic) and the book value per share as on 31^st March 2016 stood at Rs. 22.04 and Rs. 195.83 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 50%) for the reporting year. The dividend payout ratio for the year works out to 22 .69%.

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