Lord Krishna Bank records 294% growth
By Our Banking Bureau | 22 May 2002
Kochi: Lord Krishna Bank has achieved a 294-per cent growth in net profit during the last fiscal. The banks net profit in 2001-02 had increased to Rs 19.71 crore from Rs 5 crore in the previous year, says Lord Krishna Bank director A K Puri.
"Our operating profits rose to 233 per cent to Rs 50.5 crore. As a long-term corporate goal the bank is eyeing a business level of Rs 10,000 crore by the end of 2004," he says. "Our focus will be to bring state-of-the-art services and convenience banking to our customers. Towards this end we will aggressively expand our branch networks in north and western India.
"We plan to add 22 more branches across India to extend our reach extensively in north India, as we are a well established bank in parts of south India," Puri says. "These branches will further strengthen our existing network of 94 branches spread across 10 states."