Karnataka Bank 561st branch opened at Chittoor

Karnataka Bank 561st branch opened at Chittoor

Mangalore Today News Network

Kundapur, Jan 28, 2014: Dr. H Rama Mohan, director, inaugurated the new premises in Kundapur on Monday, January 27.
 
M S Mahabaleswar Bhat, chief general manager, H P R Hande, AGM- Mangalore Region, Vinayaka Mogera, branch manager, Dr. G Shankar, Class I PWD Contractor and others were present on the occasion.
 
Private sector lender Karnataka Bank’s third quarter (October-December) net profit jumped 33.4 percent year-on-year to Rs 106.7 crore, but net depreciation on investments limited the profitability.
 
Out of net depreciation on investments of Rs 36.4 crore as on December 31, 2013, the bank amortised a net depreciation of Rs 24.26 crore in the third quarter.