Media Release
Mangalore, Feb 2: "Food Inflation has been moderated and Reserve Bank of India has taken steps to ease the liquidity with a cut in CRR. As a result of this, interest rates are unlikely to increase and it is right time for banks to expand their credit portfolio with caution," said P Jayarama Bhat, managing director, Karnataka Bank Ltd.
He was addressing the Bank's regional heads’ review conference held here on Wednesday February 1 to review the performance of 10 regions for the quarter ended December 2011.
He emphasized on the need to improve CASA deposit and credit with focus on agriculture, MSME and other retail sectors. "NPA is on the increase in the industry, hence close monitoring of advances is required to maintain the quality and contain slippages," he remarked. He advised the regional heads to focus top line growth with an eye on commensurate bottom line growth.
General manager P Jairama Hande welcomed the members and briefed them about the highlights of recent monetary policy by RBI, its impact on banking sector, besides explaining the highlights of the performance of Bank for the quarter-3.
Sarva N Upendra Prabhu, M V C S Karanth and M S Mahabaleshwara, general managers also spoke on the occasion.
K G Ramesh Rao, deputy general manager gave a presentation with relevant facts and figures for the quarter ended December 2011.
N R Ravishankar, assistant general manager proposed the vote of thanks.
Besides the ten regional heads other executives at the head office were present on the occasion.