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Karnataka Bank is eyeing business turnover of Rs. 35,000 crore for the financial year 2008-09
Deposits - Rs. 21,000 crore
Advances - Rs. 14,000 crore
Number of branches - 460
Bank's own ATMs - 180
Agenda for the year 2008-2009
Opening of 70 new outlets i.e. 30 branches and 40 ATMs.
Increased emphasis on fee/commission based activities such as selling of insurance and mutual fund products, DP services, WUMT services, collection of utility bill etc.
Establishment of three-way Disaster Recovery System to achieve zero data loss in case of disaster.
Participation in initiatives of RBI like NECS etc.
Expansion of centralized loan account opening at CPC for all branches.
Processing of all import transactions, outward remittances, preshipment credit in foreign currency (PCFC) and handling of SWIFT, including transmission of outward remittances messages, Import, LC etc. at CPC.
Expeditious implementation of MIS by optimum utilization of technology.
Focus on transition to Basel II Framework.
Contiuned focus on recovery of NPAs.
Focus on monitoring for effective adherence to KYC norms and AML measures.
Launch of students' Prepaid Card.
Launch of Online Trading facility for capital market products.
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