“Quality should be the Essence of Growth": Karnataka Bank

Mangalore Today News Network

Mangaluru, Oct 23, 2017 : “In spite of subdued market conditions, Bank has been able to show satisfactory growth in Q2 of the current fiscal as evidenced by the increased CD ratio of 72.72% posted by the Bank for the quarter ended 30-09-2017. Bank has been successful in further strengthening the fundamentals and it should be our endeavour to take it forward. Bank shall continue to focus on five important areas for consistent growth viz. Credit, NPA Management, CASA, Fee based income and Digital innovations.

It is the need of the hour to concentrate on the credit growth especially in retail and mid corporate sectors without losing focus on the quality of assets” said Shri Mahabaleshwara M S, Managing Director & CEO. He was addressing the Regional Heads’ of Karnataka Bank on the occasion of Regional Heads’ Quarterly review conference, in Mangaluru, today.

Shri Raghavendra Bhat M, Chief General Manager, delivered the welcome and introductory address. Shri Y V Balachandra, General Manager, made a presentation on business performance of the Bank during the period ended 30th September 2017.

Shri Chandrashekar Rao B, Shri Subhaschandra Puranik, Shri Muralidhar Krishna Rao Shri Nagaraja Rao B, Shri Gokuldas Pai, Shri Manjunatha Bhat B K and    Shri Mahalingeshwara K, General Managers were also present on the occasion.

All the Regional Heads from across the country, Departmental Heads and other executives at the Bank participated in the conference.

Shri Raja B S, Deputy General Manager, proposed the vote of thanks.