‘Leverage technology for transformation’

The new business model of Karnataka Bank is guided by the highest standards of corporate governance, effective risk management and adherence to compliance parameters, MD and CEO Mahabaleshwara M S has said.

“Karnataka Bank has successfully completed its first year of transformational journey and the new approach towards business is driven by technology. The Bank is reaping the benefits on a sustainable basis,” the chief said, while addressing the regional heads of the Bank at their annual review meeting on Tuesday.

He further said, “The blue print of the Bank’s new business approach anchoring on the regional sales executive (RSE) concept has already been rolled out. The RSEs, along with their dedicated sales teams, will act as the new business facilitators or enablers to supplement the branch heads.”

He said that the concept would be expanded to all the major business centres across India for different verticals both under the assets and liabilities side and added, “The Bank will further strengthen this new credit the delivery model by effective use of technology under the recently opened Digital Centre Of Excellence (DCOE) concept.”

The MD said that the Bank will also work as one team.

“It will re-align its leadership style across the cadre both in terms of attitude and approach. With this outlook, I am sure that the time has come for the Bank to shift gears to make a strong pitch for its aspirational transformation journey,” he pointed out.

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‘Leverage technology for transformation’

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