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Wednesday, August 12
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Karnataka Bank to introduce innovative products and services

Karnataka Bank to introduce innovative products and services

Mangalore Today News Network

Mangaluru, Nov 12, 2015 : According to Karnataka Bank MD and CEO P Jayaram Bhat, Promoting credit is the need of the hour for the bank. While it is good news that the bank has been able to contain NPAs (non-performing assets) and bring down the gross NPA and net NPA percentages by 35 basis points and 41 basis points respectively during Q2, hard work and continuous monitoring of the credit portfolio is required for sustaining a portfolio of healthy advances in the ensuing quarters.

Karnataka Bank

Addressing regional heads during Q2 business review conference in the city, he said that the Bank would take all possible steps to position itself prominently on the innovation curve and continue to rollout innovative technological banking products and services in the days to come.

Chief General Manager Mahabaleshwara M S urged the regional heads to focus to ensure that the current year’s business goals were achieved successfully.

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