Karnataka Bank Posts Satisfactory Growth in Q2 FY 2017-18

Team Udayavani, Oct 23, 2017, 3:46 PM IST

Mangaluru: “In spite of subdued market conditions, Karnataka Bank has been able to show satisfactory growth in second quarter of the current fiscal as evidenced by the increased credit-deposit (CD) ratio of 72.72% posted by the bank for the quarter ended September 30, 2017. Bank has been successful in further strengthening the fundamentals and it should be our endeavour to take it forward,” said Karnataka Bank Managing Director, CEO, Mahabaleshwara M S.

Addressing the regional heads’ of Karnataka Bank on the occasion of regional heads’ quarterly review conference, in Mangaluru on Monday Mahabaleshwara added, “bank shall continue to focus on five important areas for consistent growth namely, credit, NPA management, CASA, fee based income and digital innovations. It is the need of the hour to concentrate on the credit growth especially in retail and mid corporate sectors without losing focus on the quality of assets.”

All the regional heads from across the country, departmental heads and other executives at the bank participated in the conference.