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Sunday, August 4, 2013

Karnataka Bank to focus on credit monitoring

The Managing Director of Karnataka Bank has urged his regional heads to focus on qualitative growth through effective credit monitoring.

Addressing the review conference of regional heads of the bank here on Saturday, P. Jayarama Bhat, Managing Director and Chief Executive Officer of Karnataka Bank Ltd, said that achieving business growth and balancing it with quality in the present subdued and uncertain macro-economic conditions is a daunting task for banks.

This calls for greater efforts at all levels to ensure progressive business growth over the next three quarters of the current fiscal, however, without losing sight of quality.

“Focus shall therefore be on qualitative growth through effective credit monitoring to control slippages, improvement in customer service and inclusive growth,” he said.

A press release said here that Bhat was reviewing the business performance of the bank for the quarter ended June 30.

The general managers of the bank -- M.S. Mahabaleshwara Bhat, P. Jairama Hande, N. Upendra Prabhu, M.V.C.S. Karanth and Meera Aranha – spoke on the occasion.

Source: thehindubusinessline


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