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The Managing Director of Karnataka Bank Ltd, Mr P. Jayarama Bhat, has stressed on the need to prevent the malady of non-performing assets (NPAs) in the banking industry.
Addressing the bank's regional heads at the review conference in Mangalore on Tuesday, he said that the threat of rising NPAs looms across the banking sector due to the changing scenario caused by various factors.
“Proper identification of parties and assessment of credit proposals are essential to prevent the malady of NPA,” he said.
The recent repo and reverse repo rate hike by the RBI has resulted in many challenges for banks. The challenges will have to be faced with caution, he said.
While the investors in savings bank deposit accounts will cherish the action of the recent deregulation of savings bank deposit rates, borrowers need to be set for a greater interest burden due to hike in key rates by the RBI, he said.
Mr P. Jairama Hande, General Manager, briefed the members on the implications of the recent monetary policy and the various macro developments.
General Managers, Mr K. H. Shivaswamy Aithal, Mr N. Upendra Prahu, Mr B. Ashok Hegde and Mr M.V.C.S. Karanth, spoke on the occasion.
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