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Lord
Krishna Bank records 294% growth
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 bank’s 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."
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