Karnataka Bank is looking for an overall growth of 18.6% during the current financial year, according to the bank’s MD and CEO P Jayarama Bhat. The bank has set a business turnover target of Rs 1 lakh crore, comprising deposits worth Rs 58,500 crore and advances of Rs 41,500 crore, for 2016-17. The total business of the bank stood at Rs 84,300 crore as of 2015-16 which includes deposit worth Rs 50,400 crore and advances of Rs 33,900 crore. The bank also plans to open 40 branches, 225 ATMs and 100 e-lobbies/mini e-lobbies in the year. It is also looking to roll out technology-based products.
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