Media Release
Mangaluru, Jul 8: “Drive the business in all segments duly adhering to the ethical practices and following the guidelines,” said Mahabaleshwara M S, managing director & CEO of Karnataka Bank.
He was speaking at the Regional Heads’ Review Conference held on July 8 in Mangaluru. He shared the provisional business numbers for Q1 of FY23, where gross advances have grown at a satisfactory rate of 12.59%.
The share of CASA stood at 32.80% and the core deposits of the bank stood at Rs 80,572.70 crore. This has given a new confidence that the business of the bank is fast returning to pre-Covid-19 levels and growth prospects are looking very promising.
Further he said, “While continuing to focus on credit growth, NPA and stress management, CASA improvement, augmenting other income streams etc., let us further pursue the envisaged digital initiatives ‘KBL NxT’ under wave 2.0 of ‘KBL VIKAAS’- bank’s transformation journey to enhance the level of customer service/ experience through different channels."
Gokuldas Pai, chief business officer delivered the welcome and introductory address while chief operating officer, Balachandra Y V moderated the discussions and all top executives participated in the deliberations.
Raja B S, general manager, branch banking & digital channels department, gave a presentation on the performance of different regions.
All the regional heads, across the country, departments’ heads and other executives of the bank participated in the conference.
Ramesh Bhat, deputy general manager, proposed the vote of thanks.