Karnataka Bank aims to achieve a growth of 17.69% in its centenary year of 2023-24 by increasing its total business turnover to Rs 1,75,000 crore, according to CEO and Managing Director, M S Mahabaleshwara. The bank achieved a provisional turnover of Rs 1,48,694 crore with a growth rate of 7.63%. CASA deposits now account for 32.97% of the total deposits. The bank aims to strengthen its operational ratios in coming quarters given its solid fundamentals, good IT infrastructure and the hygiene of the credit portfolio as part of its centennial celebrations.
