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Karnataka Bank targets to have Rs 1.8 lakh crore biz

Karnataka Bank is targeting an additional business of Rs90,000 crore in the next three years. The bank’s new MD and CEO M.S. Mahabaleshwara said the bank is all poised to increase its turnover to Rs1.8 lakh crore in the next three years from the present Rs 94,000 crore. The bank will acquire at least 50 lakh new customers in the next three years, he said, adding the bank is targeting to take the total base of its customers to 1.3 crore from the present 80 lakh.

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