Hard and smart work will pay rich dividends, Mahabaleshwara M.S.

Mangalore Today News Network

Mangaluru, Jan 16, 2018: “Karnataka Bank has successfully surpassed the landmark achievement of a business turnover of Rs 1 lakh Crore in Q3 by posting a healthy CD ratio of 76.87 % backed by an impressive growth of 87.30% in operating profit.

The smart work put in by “team KBL” is paying rich dividends. We have to continue to focus on sustaining the momentum by ensuring the credit quality with special focus on retail and mid – corporate sector and also by strengthening the liability side. Bank has envisioned a holistic growth by cashing in on the goodwill of its about 90 lakh customers and also by effective slippage management, NPA management and enhanced digital migration.” said Shri Mahabaleshwara M.S, MD & CEO of the Bank. He was addressing Regional Heads while reviewing their performance for the quarter ended December 2017 at the Bank’s HO on 16-01-2017.

Shri Raghavendra Bhat M, Chief General Manager, delivered the welcome and introductory address. Shri Chandrashekar Rao B, General Manager, made a presentation on business performance of the Bank during the period ended 31st December 2017.

Shri Subhaschandra Puranik, Shri Balachandra Y V, 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 Ravindranath Hande H P, Deputy General Manager, proposed the vote of thanks.