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.
