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Will be focussing on the asset side growth, says Karnataka Bank

Mini

Mahabaleshwara MS, MD and CEO, Karnataka Bank said, the company will be focussing more on the asset side growth.

Mahabaleshwara MS, MD and CEO, Karnataka Bank said, the company will be focussing more on the asset side growth.
“Our slippage ratio was 0.59 percent versus 1.38 percent a year back and had gone up to 2.88 percent about a quarter back. It seems that the stress appeared to have been moderated and we will be further focusing on asset quality going forward,” he added.
“We are aiming to contain the gross non-performing assets (NPAs) to around 4 percent and the net NPA also at around 2 percent,” said Mahabaleshwara.
“As of now, there are no areas which are causing concerns because we are keeping very tight follow-up schedule for all those accounts which have been identified as the watch-list account,” he further mentioned.
Mahabaleshwara also said, we have not taken any benefit of farm loan waiver in the state of Karnataka.