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Karnataka Bank turns 100 on Feb 18; targets to cross ₹100,000 crore in gross advances by March 2026

Karnataka Bank turns 100 on Feb 18; targets to cross ₹100,000 crore in gross advances by March 2026
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Karnataka Bank will focus on cost-light liability portfolio, says MD

May 07, 2021 × Considering the Covid 2.0, the bank has set a moderate growth target of 12% for business turnover for the current fiscal The Mangaluru-based Karnataka Bank navigated the challenges posed by the Covid pandemic last year, and earned a net profit of ₹451.20 crore in the first nine months of 2020-21 against the profit of ₹431.78 crore for the full year of 2019-20. In an interview to BusinessLine, Mahabaleshwara MS, MD and CEO of the bank, highlighted the strategies that helped the bank to perform better, and its plans for the current financial year amidst the second Covid wave. Excerpts from interview: India is witnessing the second wave of Covid. How is your bank planning to tackle this fresh challenge?

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