Karnataka Bank surpasses business turnover of Rs 1 lakh cr

"Karnataka Bank has successfully surpassed the landmark achievement of a business turnover of Rs 1 lakh crore in Q3 by posting a healthy CD ratio of 76.87% backed by an impressive growth of 87.30% in operating profit. The smart work put in by team KBL is paying rich dividends," MD and CEO Mahabaleshwara M S said.

He was addressing the regional heads while reviewing their performance for the quarter ended December 2017 at the bank in Mangaluru on Tuesday.

"We have to continue to focus on sustaining the momentum by ensuring the credit quality with special focus on retail and mid corporate sector and also by strengthening the liability side. The bank has envisioned a holistic growth by cashing in on the goodwill of its about 90 lakh customers and also by effective slippage management, NPA management, and enhanced digital migration," he said.