Media Release

Mangalore, Feb 10: A meeting of the Bankers’ Club, Mangalore, was held on February 5, at the Meeting Hall, Corporation Bank, head office, Mangalore.

S R  Bansal, chairman and managing director of Corporation Bank who took charge of the Bank recently and V Kannan, chairman and managing  Director of Vijaya Bank who was on a short visit to Mangalore, were felicitated on the occasion.  

A L Daultani and B K Srivastav, executive directors of Corporation Bank and K R Shenoy, executive director of Vijaya Bank were also present on the occasion.

While expressing his concern over the increasing incidences of credit defaults in banks, S R Bansal said that banks should focus on lending to MSME, Retail and Agri. sectors which have immense potential, better yield and lesser default.

He also highlighted the importance of due diligence while sanctioning loans. By virtue of his rich experience in credit appraisal, he stressed the need to discuss credit proposals with the borrowers through direct interactions and visits to borrower’s workplace and residence to understand his business and properly gauge his credit requirements. He also observed that there is a need to have effective negotiations with the customers.

Referring to the challenges faced by the banking industry, V Kannan  said that, amongst others, the increasing slippages were indeed a cause of concern for the banking industry, in general, and would increase  the provisioning requirements and the need for additional capitalization. Banks therefore need to gear up their machinery to overcome these challenges

P Jayarama Bhat, MD & CEO of Karnataka Bank, who is the president  of the club, delivered the welcome address and  felicitated  S R  Bansal and  V Kannan. 

K Giridhar Shenoy, general manager, Corporation Bank and Kusuma B M, deputy general manager, Vijaya Bank,  introduced  S R Bansal and V Kannan respectively. The programme ended with vote of thanks by  Renuka N Bangera, secretary of the club.