Daijiworld Media Network – Mangalore (NR)
Mangalore, Aug 22: Ananthakrishna, chairman of the Karnataka Bank Limited addressing a meeting of Insurance Club here on Monday, August 20 stated that insurance is often misconstrued as a loss instead of a welfare measure.
Inducting branch heads and insurance officers at the meet of the bank, Ananthakrishna opined that over the years the concept of banking has undergone a massive change and it has now become a financial intermediary providing total financial solutions.
Karnataka Bank should strive to become a “financial supermarket” in the banking sector, stated Ananthakrishna and added that the long-term prospect of both life and general insurance business is positive.
P Jayarama Bhat, chief general manager, welcomed the gathering. GM M S Mahabaleshwara, leading the Delhi region won the shield for the best performance in insurance business.