Mangalore based, Karnataka Bank is likely to add one million new clients during the current fiscal. Its focus will be on retail segment with attention on CASA (current account savings account) deposits by adding one million new clients. It will focus on retail lending by concentrating on agriculture advances, MSME (micro, small, medium enterprises) advances.
The bank is going to closely monitor the credit portfolio in view of volatility in the market to maintain the health of advances and to avoid any slippage to NPA. It has envisaged business growth of 25% during 2012-13, and aims to reach a business turnover of Rs 65,000 crore.
During this fiscal bank has plan to open 50 new branches and 100 ATMs and it is also committed to implementing the financial inclusion plan by opening new branches in the allocated villages.
