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Karnataka Bank gets 10 lakh new customers

Karnataka BankKarnataka Bank has added 10 lakh new customers in 2017-18. Stating this the bank’s MD and CEO Mahabaleshwara MS said while the Indian banking sector grew at 8% in the last fiscal, Karnataka Bank registered an annual growth rate of 17.82%. He also added that the bank’s advances recorded a growth of 28.54%. The bank, which surpassed a total business turnover of Rs1.1 lakh crore for 2017-18, has set a target of Rs1.3 lakh crore for the current year, Mahabaleshwara added.

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