’KBL NxT’ shall drive our future growth journey: Mahabaleshwara M.S

’KBL NxT’ shall drive our future growth journey: Mahabaleshwara M.S

Mangalore Today News Network

Mangaluru, July 08, 2022: “Drive the business in all segments duly adhering to the ethical practices and following the guidelines” said Shri. Mahabaleshwara M.S, Managing Director & CEO of Karnataka Bank. He was speaking at the Regional Heads’ Review Conference held today in Mangaluru. He shared the provisional business numbers for Q1 of FY23, where Gross Advances have grown at a satisfactory rate of 12.59%. The share of CASA stood at 32.80% and the Core Deposits of the Bank stood at Rs.80,572.70 Crore. This has given a new confidence that the business of the Bank is fast returning to pre-Covid-19 levels and growth prospects are looking very promising.

 

Further he said, “While continuing to focus on credit growth, NPA and Stress Management, CASA improvement, augmenting other income streams etc., let us further pursue the envisaged digital initiatives ‘KBL NxT’ under wave 2.0 of ‘KBL VIKAAS’- Bank’s transformation journey to enhance the level of customer service/ experience through different channels.”

Shri. Gokuldas Pai, Chief Business Officer delivered the welcome and introductory address while Chief Operating Officer, Shri Balachandra Y V moderated the discussions and all top executives participated in the deliberations. Shri Raja B.S, General Manager, Branch Banking & Digital Channels Department, gave a presentation on the performance of different regions.

All the Regional Heads, across the country, Departments’ Heads and other executives of the Bank participated in the conference.

Shri Ramesh Bhat, Deputy General Manager, proposed the vote of thanks.