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Karnataka Bank Ltd will focus on credit growth during the current finanical year, according to Mahabaleshwara MS, Managing Director and Chief Executive Officer of the bank.
Speaking at the quarterly review conference of the regional heads of the bank in Mangaluru on Monday, he said that the bank has been able to show satisfactory growth in the second quarter of 2017-18 in spite of subdued market conditions. The credit-deposit ratio stood at 72.72 per cent during the quarter.
Stating that the bank shall continue to focus on five important areas for consistent growth -- credit, NPA (non-performing asset) management, CASA (current account savings account), fee-based income and digital innovations – he said: “It is the need of the hour to concentrate on credit growth, especially in retail and mid corporate sectors, without losing focus on the quality of assets.”
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