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Continuous monitoring of credit portfolio is required for sustaining a portfolio of healthy advances, according to P Jayarama Bhat, Managing Director and Chief Executive Officer of Karnataka Bank Ltd.
Addressing the regional heads of the bank at the Q2 business review conference in Mangaluru on Friday, he said that augmentation of credit is the need of the hour.
Stating that the bank has been able to contain NPAs (non-performing assets) during the quarter, he said the gross NPA and net NPA came down by 35 basis points and 41 basis points, respectively, during the second quarter of 2015-16.
He said that hard work and continuous monitoring of credit portfolio is required for sustaining a portfolio of healthy advances in the ensuing quarters.
Bhat said that the bank will take all possible steps to position itself prominently on the innovation curve and continue to rollout innovative technological banking products and services in the days to come.
A press release by the bank said that the Mahabaleshwara MS, Chief General Manager of the bank, who welcomed the gathering, touched upon the bank’s performance under critical banking parameters during Q2. He urged the regional heads to work hard to achieve the current year’s business goals.
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