In an interview to CNBC-TV18, Mahabaleshwara MS, MD & CEO of Karnataka Bank spoke about the latest happenings in the bank and what's in store for the banking sector in 2018.
Mahabaleshwara said slippage is a continuous concern for the entire sector.
Talking about business, he said it its growing as on expected lines.
He further said that we have been able to adhere to 15 percent credit growth guidance, so far. However, pressure on provisions will continue for few more quarters.
Mahabaleshwara further mentioned that banks are preparing for International Financial Reporting Standards (IFRS), which will lead to rise in provisions.
According to him, a few accounts may see slippages due to consortium-based decision.
On growth front, he said retail growth is at 12 percent and mid-corporate growth is in the range of 12-14 percent.
Our focus is on getting 1 percent market share and growing balance sheet 2 times every three years, he added.
He is optimistic on maintaining net interest margin above 3 percent and will maintain the agriculture sector's share in the book at current levels.
He also mentioned that the bank is not up for sale.
Watch accompanying video for more details.
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