Annual Report 2016-2017 of Karnataka Bank Limited

It is a broadly described annual report of Karnataka Bank Limited in the year of 2016-2017. During the financial year, The Bank’s total business turnover was Rs. 93736.76 Crore as on 31^st March 2017, an increase of 11.07% (Previous year Rs. 84390.66 Crore). The total deposits of the Bank grew from Rs. 50488.21 Crore as on 31^st March 2016, to Rs. 56733.11 Crore as on 31^st March 2017, registering a growth of 12.37%. Bank earned an operating profit of Rs. 995.80 Crore for the year 2016-17 as against Rs. 854.53 Crore for the previous year showing a growth of 16.53%. The net profit of the Bank increased from Rs. 415.29 Crore to an all-time high of Rs. 452.26 Crore showing a growth of 8.90%. The earnings per share (basic) and the book value per share as on 31^st March 2017 stood at Rs. 19.38 and Rs. 177.12 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 (previous year 50%) for the reporting year.

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