Media Release

Mangalore, May 6: 'Action speaks louder than words. We should perform exceedingly well to be in the race for survival in this world of intense competition,' said Ananthakrishna, chairman, Karnataka Bank Limited while addressing the regional heads of the Bank on Monday May 5 at the conference to review the performance of 8 regions for the quarter ended March 2008.

He further said, 'We should see the reality and work with greater involvement and dedication to achieve success within the framework of rules and regulations. Banking industry is in for greater challenges. The recent hike in cash reserve ration by 25 basis point in the credit policy announced by the Reserve Bank of India should make us alert and aware of the emerging scenario in the banking industry. As bankers we should be very prudent and vigilant.'

P Jairama Hande, general manager, welcomed the members and gave a brief account of the performance of the Bank for the last quarter of 2007-08.

P Jayarama Bhat, chief general manager, highlighted the positive features of the quarter and stressed the need for more efforts to achieve the targets under all the vital heads in the current fiscal.

P R S Holla, deputy general manager, gave a presentation on the achievements during March 2008 quarter.

Sarvashri G K Bhat, N S Chakkera and K H Shivaswamy Aithal (general managers) spoke on the occasion.

Besides the 8 Regional Heads and their deputies, executives from head office were also present at the Review Meet.

N R Ravishankar, chief manager, proposed the vote of thanks.