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Karnataka Bank to focus on credit growth during FY18

24 Oct 2017 Evaluate

Karnataka Bank is planning to focus on credit growth during FY18. The bank has been able to show satisfactory growth in the second quarter of 2017-18 in spite of subdued market conditions. The credit-deposit ratio stood at 72.72 per cent during the quarter.

The bank shall continue to focus on five important areas for consistent growth -- credit, NPA (non-performing asset) management, CASA (current account savings account), fee-based income and digital innovations.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.

Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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