Business Daily from THE HINDU group of publications
Sunday, Aug 17, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Sunday, Aug 17, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Performance Other income key for profit growth Mangalore, Aug. 16 The slowdown in credit growth and slim chances of interest rate softening have compelled the banks to resort to increased fee-based income, according to Mr Ananthakrishna, Chairman and Chief Executive Officer of Karnataka Bank Ltd. A bank release said here on Saturday that Mr Ananthakrishna was addressing the members of the insurance club of the bank here recently. Insurance business will act as a cushion to complement and supplement the profitability of banks, he said. He expressed the hope that the club members will intensify their efforts to sell a variety of insurance products designed for the benefit of a wide section of society. - Our Bureau More Stories on : Performance | Credit Market
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