Udupi: Managing Director and Chief Executive Officer of Karnataka Bank Ltd. P. Jayarama Bhat said on Wednesday that the bank would have 470 branches in the country by the year-end. He was speaking after inaugurating the renovated Kunjibettu branch building of the bank here.

Mr. Bhat said that the bank at present had 458 branches. It had a business of Rs. 34,000 crore. The bank had deposits of Rs. 22,000 crore, and had made advances of Rs. 12,000 crore, he said. Assistant General Manager S.A. Adiga welcomed the gathering. — Staff Correspondent