Karnataka Bank Managing Director P. Jayarama Bhat has said that mobilisation of low-cost deposits and expansion of advances portfolio are important for improving the bottom-line of the bank.
He said this while addressing the regional heads’ review meeting in Mangalore on Monday.
He stressed the importance of low-cost deposits and expansion in advances portfolio, through proper scrutiny and selection of borrowers, to improve the bottom-line of the bank.
Bhat urged them to focus more on improved customer service and credit to retail sector — especially to micro, small and medium enterprises — besides agriculture and forex sector to ensure sustained growth.
Recovery of NPAs
He also underlined the need for speedy recovery of non-performing assets by initiating appropriate recovery action at right time.
He said that in this era of keen competition when the banking industry growth rate is moderate, the quality of service and assets scores over quantity.
The strength of an organisation lies in effective management of assets. Both staff and customers are critical to the growth and development in the banking sector, Bhat said.
M.S. Mahabaleshwara Bhat, General Manager, outlined the performance of the bank during 2012-13 and presented the goal for 2013-14.
A bank release said here that General Managers, P. Jairama Hande, M.V.C.S. Karanth and Meera B. Aranha, spoke on the occasion.