Karnataka Bank has announced its results for the January-March period. The bank has reported a net profit of Rs 90.82 crore with an increase of 22.56% for the fourth quarter this year as compared to Rs 74.1 crore for the fourth quarter last year.
Speaking to CNBC-TV18, P Jayarama Bhat, managing director of Karnataka Bank, said that the bank expects credit growth of 25-30% and deposit growth of 20% in FY12. The bank has also increased its base rate to 10.25% with effect from today. Below is a verbatim transcript of P Jayarama BhatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
