Date:15/07/2004 URL: http://www.thehindu.com/2004/07/15/stories/2004071505461602.htm

Business - Briefly

New DGMs for Karnataka Bank

MANGALORE: Karnataka Bank has promoted three of its Assistant General Managers — Srinivas Holla, P. R. Prasanna Kumar B and V. M Samaga — to Deputy General Manager cadre in the recent promotion exercise of the bank. A release from the bank here on Wednesday stated that it had an all time high net profit of Rs. 133.17 crores for 2003-04. The bank was eyeing a business turnover of Rs. 17,000 for the current fiscal with the addition of at least 20 new branches in metros and urban centres. — Our Staff Correspondent