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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

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