Karnataka Bank “Pioneering the next era of Digital Loan Sanctions”

Mangalore Today News Network

Mangaluru, Oct 05, 2019 : “Digital revolution is sweeping the banking industry and Karnataka Bank is an early mover on this front. Beginning with Core Banking Solutions, banking industry at present is going through a phase of Alternate Delivery Channels. The next decade will be Digital Loan Sanctions era. Bank has already rolled out digital sanctions of its retail loan products and will cash in on this early mover advantage to cater to the requirements of the millennials. Our business leaders shall strive to onboard the customers by providing new age banking experience” said Shri Mahabaleshwara M S, MD & CEO, of the Bank while addressing the Regional Heads of the Bank at Mangaluru, today.

Further, enumerating on the bank’s perforance for the half year ended September 2019 based on provisional business numbers and unveiling the road map ahead, he said “In a falling interest rate scenario we have to quickly swing into action by augmenting other sources of income when banks are required to operate on a thin margin. The focus shall invariably be on increasing the CASA ratio and continuously improve the health of the advances portfolio.

 Appropriate mechanism and enablers have been put in place to achieve the above under the bank’s transformation exercise where bank is now growing on system driven business. In this regard bank has already deployed Regional Sales Executive for CASA, Retail Loans and Mid Corporate Loans. As business leaders we shall regularly strive to up-skill our knowledge and effectively communicate the right message down the line. Further all staff members shall rise themselves as ‘smart ambassadors’ and each branch shall be projected as smart touch point/centre of business. With systems in place and right mind set, I am sure we are poised to create new performance benchmarks, all the while being vigilant of our responsibility to accord highest priority to quality and compliance aspects.”