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Karnataka Bank is targeting a business of ₹83,000 crore this fiscal and over ₹1-lakh crore by March 2016.
Speaking to BusinessLine , the bank’s Chief General Manager MS Mahabaleshwara Bhat said that the bank is in the process of preparing a long-term vision — KB 2020. “A separate committee has been formed to chalk out the roadmap. It is expected to meet on September 6,” he added Elaborating on some of the initiatives taken by the bank, he said, “Last year, the Business Process Reengineering exercise was initiated. We have since strengthened our marketing initiatives by appointing over 100 marketing executives and relationship managers.
“Our Gross NPA is around 3 per cent and net at over 2 per cent. We plan to bring these to less than 3 per cent and one per cent, respectively.”
On the bank’s strategy on NPA management, he said: “We have a special software to identify the accounts, which are filtered by our specialised team. Externally too, we depute people to visit the units that are under stress.”
Bhat further pointed out that the bank’s home loan portfolio has grown by 34 per cent and the bank is considering extending the loan tenure.
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