In an interview to CNBC-TV18, Mahabaleshwara MS, MD & CEO of Karnataka Bank spoke about the latest happenings in the bank and his outlook for the rest of FY18.
We have been focusing on the growth management as well as stressed asset management, said Mahabaleshwara.
He further said that recovery is seen in borderline cases. Focusing on credit growth, prevention of slippages and recovery from gross non-performing assets (GNPAs), he added.
Looking to grow loan book of more than 15 percent in FY18, he further added.
He expects gross NPA to be at 4 percent and net NPA at 2 percent in FY18.
Watch accompanying video for more details.
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