Karnataka Bank all set to encash growth opportunities in MSME : Jayaram Bhat, MD

Karnataka Bank all set to encash growth opportunities in MSME : Jayaram Bhat, MD

Mangalore Today News Network

Mangalore, Oct 26, 2013 :  “Asset quality of the banking sector is under stress mainly on account of a subdued economy and negative sentiment of investors. Nevertheless there is untapped potential in the retail segment especially, MSME [Micro Small and Medium Enterprises], Forex, Agri and housing sectors, which would drive the growth in the ensuing quarters.

Karnataka Bank is all set to encash this growth opportunity with innovative loan products, and with the collective efforts of all the Regional Heads the bank will be able to achieve all its business targets set for the current fiscal despite the challenging business environment” said  P.Jayarama Bhat, MD&CEO of Karnataka Bank Ltd.

He was  addressing the Regional Heads at the all India conference of Regional Heads held at the Bank’s Head Office, on October 25, Friday for reviewing the business performance for the half year ended September 30, 2013.

In his welcome and introductory address,  M.S Mahabaleshwara Bhat, Chief General Manager, briefed the gathering on the key performance highlights of the Bank during the quarter.

 P. Jairama Hande, Senior General Manager,  N.Upendra Prabhu, and Dr. Meera L B Aranha,General Managers are also spoke on the occasion.

The conference was attended by all the ten Regional Heads of the Bank, Heads of the Bank’s International Division, Data Centre and Central Processing Centre, besides senior executives from Head Office.

The meeting concluded with the Vote of thanks by   N R Ravishankar, AGM.