Don't have M&A options right now, but open to it if come our way: Karnataka Bank

Karnataka Bank is in focus after the bank called for a board meeting to appoint consultants to explore transformational opportunities.

In an interview to CNBC-TV18, Mahabaleshwara MS, MD & CEO of Karnataka Bank spoke at length about the same and his outlook going ahead.

Mahabaleshwara said growth aspiration is one of the management's aspects that we are going to have as a part of transformation.

Don't have merger and acquisition (M&A) options right now, but open to it if they come our way, he added.

"We are committed for our identity and there are a lot of growth opportunities and we will be exploring all those growth opportunities to emerge as a strong player in banking industry," said Mahabaleshwara.

On numbers front, he said FY18 loan growth seen at 15 percent or more.

Watch accompanying video for more details.