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Wednesday, October 31, 2012

Karnataka Bank chief calls for alternate delivery channels

Karnataka Bank Managing Director has asked the regional heads to market alternate deliver channels.

Presiding over the review conference of regional heads of the bank here on Wednesday, he said the bank has an array of technology-based products. These products will attract the new group of customers and enhance the convenience to the customers.

These channels should be marketed aggressively through branches to enhance customer service, convenience and comfort. These channels will enable the bank to increase the clientele base and improve CASA (current account and savings account) deposits.

He said it is time for the bank to concentrate more on CASA deposits, retail advances along with reasonable exposure under corporate portfolio to consolidate the growth.

Bhat said that global economy is marked by uncertainty, slowdown is continuing and outlook is not so encouraging. Even though the Indian economy continued to be sluggish, the recent policy initiatives by the Government are expected to improve the investment climate, he added.

The General Manager of the bank, Mahabaleshwara M.S., highlighted the performance of the bank for the half-year ended September 2012. He also spoke on the impact of macro economic developments on banking sector.

The General Managers of the bank, P. Jairama Hande, N. Upendra Prabhu, M.V.C.S. Karanth and Meera Aranha, spoke on the occasion.


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