Karnataka State Cooperative Apex Bank is planning to increase its deposit base by 14 per cent to Rs 5,150 crore in the present financial year as compared to Rs 4,479 crore in the last fiscal.
The bank is also planning to disburse Rs 4,096 crore of agricultural credit during this fiscal, of this Rs 1,950 crore has already been disbursed in the first five months of the present fiscal.
“We are hopeful that both our credit and deposit target will be achieved this year on the back of an encouraging response from customers,” S N Jayaram, managing director, The Karnataka State Co-operative Apex Bank, said on the sidelines of the 85th annual general body meeting here.
He also said that the bank was planning to open nine new branches in the city during present fiscal.
The apex cooperative bank has 31 branches in the city and has received approval from the RBI to open another nine branches. “The capital expenditure for opening these branches will be in the range of Rs 2 crore,” he added. The bank will also float tender to shift overall banking operation to core banking mode in the near future. “The expenditure for rolling out core banking will be around Rs 2-3 crore in the present fiscal,” he said.
Link : http://www.business-standard.com/article/finance/apex-bank-aims-at-14-growth-in-deposit-base-110092100035_1.html
No comments:
Post a Comment