Karnataka Bank Chief Executive Officer P Jayarama Bhat has stressed the need for a multi-pronged approach during 2014-15 to improve the bottomline of the bank.
Addressing the regional heads of the bank to review the performance for the fourth quarter of 2013-14 in Mangalore on Monday, he said the bank needs to adopt a multi-pronged approach during the current year to improve its bottomline with special focus on effective deployment of resources through disbursement of quality advances, including agriculture credit and other priority sector advances; augmenting non-interest and fee-based income; increasing the share of CASA (current account savings account) deposits; improving the interest spread; and through effective credit monitoring.
Karnataka Bank has set a business target of ₹83,000 crore for 2014-15 with a growth rate of 20 per cent. It will open 75 new branches and 300 new ATMs by March 2015, he said.
At present, the bank has 600 branches and 700 ATMs.
M S Mahabaleshwar Bhat, Chief General Manager, spoke on the performance of the bank during 2013-14.
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