Karnataka Bank’s focus areas

Karantaka Bank is looking to increase the share of CASA (current account, savings account) deposits in its total deposits. Addressing the bank’s regional heads, P Jayarama Bhat, MD and CEO, said that the increase in CASA deposits would help the bank further reduce the cost of funds and improve the interest spread. He also urged the need for credit augmentation and for increasing the credit-deposit ratio. Marketing of bank’s alternative delivery channels and digital banking products will go a long way in increasing the comfort of banking for the bank’s customers, he said. Our Bureau