Mangalore-based private sector lender, Karnataka Bank has decided to focus on retail loans and current/savings deposits account (CASA) during the current fiscal. It aims to raise its CASA deposits to 27% of the total deposits, by the end of 2012-13, against 23.4% in the third quarter of 2012-13.
The bank wants to mobilize 4 lakh CASA accounts and it also aims to focus on the retail loans segment during the fiscal. Its gold loan business has done well in the first nine months of the current fiscal, by increasing the exposure from Rs 1,165 crore as at end-March 2012 to Rs 1,880 crore in end-December, a growth of Rs 715 crore.
