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Karnataka Bank wants to double its business in the next three years with the help of business process re-engineering (BPR). The bank has engaged KPMG Advisory Services Pvt Ltd for BPR implementation.
P. Jayarama Bhat, Managing Director of the bank, said that the BPR initiative will be rolled out across its 510 branches, and is aimed at high quality growth across its assets, liabilities, products and services.
“We want to to take the total business from the present Rs 55,000 crore to Rs 1.20-lakh crore by March 2015.” Bhat said that KPMG will provide support with its dedicated team positioned at Mangalore. The bank is aiming at an annual growth rate of 25-30 per cent.
Based on the diagnostic study of the processes at Karnataka Bank last year, KPMG gave some recommendations. “We wanted their (KPMG) presence in the implementation of the recommendations also,” Bhat said. Through this BPR, the bank will comprehensively reengineer and reposition its marketing efforts, sector prioritisation, delivery channels, brand building, and so on, with optimum utilisation of the resources at its disposal, he said.
“We want to increase our bottom-line and per employee productivity with the existing setup,” he added.
Narayanan Ramaswamy, Partner, KPMG Advisory Services, and Bhat signed the MoU on BPR in Mangalore on Wednesday.
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