Media release
Bengaluru, Apr 27: “Inspite of the pandemic affected economy, Bank has been able to steer through successfully and as per the provisional numbers, Bank has achieved an historic high of 32.97 % CASA deposits as on 31-03-2022. The business turnover of the Bank stood at Rs.1,38,111.00 Crore with a growth rate of 7.59 % consisting of deposits of Rs 80,385.00 Crore and advances of Rs.57,726.00 crore as per the provisional figures. The advances have registered a growth rate of 9.48% as per the initial estimates” said Mahabaleshwara M.S, MD & CEO of the bank while addressing the regional heads of the bank in their annual review meet at Bengaluru, on Wednesday, April 27.
Speaking further, he said, “ The digital drive under wave 1.0 of the Bank’s aspirational transformation journey ‘KBL VIKAAS’ has had a desired impact in strengthening the Bank’s fundamentals across different business verticals, internal processes, HR administration etc. With the objective of taking the digital initiatives to the next level, the Bank has launched project ‘KBL NxT’ under wave 2.0 of ‘KBL VIKAAS’ to emerge as the ‘Digital Bank of Future’. For the current year, Bank would continue to focus on credit growth, NPA and stress management, CASA improvement, other income streams etc., so as to further excel in all the identified areas by our customer centric approach. I am sure we will achieve these objectives with the collective and whole hearted efforts of all the members of the KBL Family across the cadre. With all these enablers and efforts, the year 2022-23 should be an ‘Year of Business Excellence.’”
P Pradeep Kumar, chairman of the Bank also addressed the regional heads and advised them to lead from the front and emphasized the role of regional heads as business facilitators and stressed on the areas where special focus should be given for reduction in the NPAs for non-financial parameters, periodic review meetings and interactions with the Branch level functionaries, reviewing the performances of regional sales Executives (RSEs) and to work hard to shore up the fundamentals of the bank etc.
Gokuldas Pai, chief business officer delivered the welcome and introductory address while chief operating officer, Balachandra Y V moderated the discussions and all top executives participated in the deliberations.
All the regional heads from across the country, department heads and other executives of the bank participated in the conference.
Ramesh Bhat, deputy general manager proposed a vote of thanks.