Karnataka Bank expects to increase its marketshare from the present 0.6 per cent to 1 per cent of the banking industry in the next three years. | |
| Addressing a gathering on the occasion of the platinum jubilee of Karnataka Bank's branch in Thambu Chetty Street in Parrys, Ananthakrishna, chairman, said that the bank had managed to garner an additional 0.3 per cent market share. |
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| He pointed out that the effort to increase its market share by another 0.4 per cent would be possible only if the bank's customers stayed with it. The bank has about 26 lakh customers and 4,400 employees. |
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| The total business of the bank crossed Rs 18,500 crore, with Rs 11,500 crore as deposits and Rs 7,040 crore as advances. The bank has a paid-up capital of Rs 121 crore. |
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| The bank plans to add 13 more branches and increase it branch network to 400 by the end of March 31, 2006. The bank has 11 branches in Tamil Nadu. |
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