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Karnataka Bank net profit at Rs. 42 cr.

MANGALORE: Karnataka Bank has posted a net profit of Rs. 41.69 crore for the quarter ended June 2005, registering a 7.6 per cent growth over Rs. 38.73 crore recorded during the same period last year. Net interest income has recorded a growth of 68 per cent. The incremental growth of 16.4 per cent in deposits and 36 per cent in advances on a year-to-year basis indicates the bank's thrust in the core segment, says a release. The bank aims at a business turnover of Rs. 20,000 crore for the current year.

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