Money & Banking

Karnataka Bank to focus on de-stressing asset portfolio

Our Bureau Mangaluru | Updated on October 15, 2018 Published on October 15, 2018

Karnataka Bank will focus on further strengthening the collection mechanism to destress the asset portfolio, according to Mahabaleshwara MS, Managing Director and CEO of the bank. Addressing regional heads and executives of the bank, in Mangaluru, on Monday, he said the reduction in gross NPAs during the second quarter of 2018-19, and control in slippage ratio and credit cost, augur well for the bank’s future. The strong performance of the bank should act as a springboard for further growth in all business areas in the ensuing quarters of the current fiscal, he said.

Stating that the business focus stands on compliance and quality, he said the bank will cash in on the opportunities thrown up by the current banking scenario. Apart from improving the current account, savings account base, the bank will also add new business verticals. Mahabaleshwara said there is a need to acquire new-age skills in banking, particularly focussing on analytical skills, backed by timely action.

Published on October 15, 2018
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