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The Managing Director and Chief Executive Officer of Karnataka Bank, 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 bottom-line.
He emphasised on, among others, effective deployment of resources through disbursement of quality advances; augmenting the non-interest and fee-based income; and improving the interest spread.
The bank has set a business target of ₹83,000 crore for 2014-15.
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