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'Transform by leveraging technology' - Mahabaleshwara M S, MD & CEO of Karnataka Bank

Posted On: 2019-04-09 17:47:42

"Karnataka Bank has successfully completed its first year of transformational journey and th.e new approach towards business is driven by technology and is reaping the benefits on a sustainable basis. The new business model is guided by highest standards of corporate governance, effective risk management and by adhering to compliance parameters" said Shri Mahabaleshwara M S, MD & CEO, of the Bank while addressing the Regional Heads of the Bank in their annual review meet at Mangaluru, today.

He further said, "The blue print of Bank's new business approach anchoring on the Regional Sales Executive (RSE) concept is already rolled out. RSEs along with their dedicated sales team will act as the new business facilitators / enablers to supplement the branch heads and the concept will be expanded to all the major business centres across India for different verticals both under the asset and liability side. Bank will further strengtheh this new credit delivery model by effective use of technology under the Bank's recently opened Digital Centre of Excellence (DCOE) concept. Bank will work as one team and will also re-align its leadership style across the cadre both in terms of attitude and approach. With this outlook I am sure that, time has come for the Bank to shift the gear and make a strong pitch for its aspirational transformation journey".

Shri Raghavendra Bhat M, Chief operating officer, delivered the welcome and introductory address. Shri Mahalingeshwara K, General Manager, made a presentation on business performance of the Bank during the period ended 31St March 2019.

Shri Chandrashekar Rao B, Shri Subhaschandra Puranik, Shri Balachandra Y V, Shri Muralidhar Krishna Rao, Shri Nagaraja Rao B, Shri Gokuldas Pai, General Managers were also present on the occasion.

All the Regional Heads from across the country, Departmental Heads and other executives at the Bank participated in the conference.

Shri Pradeep Rao U, Assistant General Manager, proposed the vote of thanks.

Shares of KARNATAKA BANK LTD. was last trading in BSE at Rs.135.05 as compared to the previous close of Rs. 135.2. The total number of shares traded during the day was 178296 in over 1240 trades.

The stock hit an intraday high of Rs. 135.65 and intraday low of 130.95. The net turnover during the day was Rs. 23738026.


Source: Equity Bulls

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