Expect To Maintain Asset Quality Going Forward: Mahabaleshwara MS, Karnataka Bank
  • WebDesk BTVI
  • Jul 15 2019

Mahabaleshwara MS, Managing Director and Chief Executive Officer of Karnataka Bank, said the first quarter is normally a smooth quarter for the lender. He expects to maintain asset quality going forward, and is aiming at a gross non-performing asset (GNPA) below 4 per cent, and 17 per cent growth in advances by 2020. Karnataka Bank has registered a 7.46 per cent growth in net profit at Rs 175.42 crore in the first quarter of 2019-20.