Shreenath Joshi points out that Karnataka Gramin Bank, in spite of the pandemic, has been able to sustain its operations and record growth in business
Karnataka Gramin Bank has a vast footprint in the remote rural areas of Karnataka, with 1134 branches spread across 22 districts, covering 66% of the state. The bank has close to 4900 employees to cater to all the financial needs of all the segments of the society, termed as priority sector. Though the emphasis is primarily on agriculture and MSMEs, as a prudent measure, the bank has enlarged its operations to retail and non -priority sector segments as well, in order to diversify the credit portfolio.
11.24% BUSINESS GROWTH
Karnataka Gramin Bank is the first RRB to reach the milestone of a total business of Rs500 billion, as on 31 March 2020. Says Shreenath Joshi, Chairman of the bank: “Despite covid impact in FY20-21, we have witnessed a considerable growth of 13.83% under our credit portfolio when the credit offtake was very low in the industry. The overall business also registered a healthy growth of 11.24% to reach a level of ₹558.65 billion, comprising credit of ₹247.97 billion and deposits of ₹310.68 billion.”
COVID RETAIL, KCC
This story is from the July 2021 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2021 edition of Banking Frontiers.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Kamdhenu & Sammrudhi loans top rural customers
Unnayan Bharat Finance Corporation (UBFC) Director & Co-Founder Avneesh Trivedi shares the company's attempts to enhance the rural lending environment & deliver better services to its consumers:
It's going to be a 'world' of CBDCs
Practically, every central bank in the world is testing and readying a CBDC system:
Training for behavioral & social skills is key
3 CHROs from the top BFSI companies in India open up about their training and motivation programs aimed at enhancing employee effectiveness. The story is divided into 4 parts: (i) functional and behavioral training, (ii) manager to leadership training, (iii) learning-based training, (iv) motivational programs:
THE AI COMPASS
Artificial Intelligence has risen to be the hottest topic of discussion today. It is expected to impact everyone, and the impact could exceed that of war, global warming, supply chain disruptions, geopolitics, and much more.
To mentor & coach emerging leaders
Manish Shah, MD & CEO of Godrej Capital, outlines his focus areas today and in the future:
Innovation will unlock India's Mission 'Atmanirbhar’
Sunita Handa is Chairman, Toyota FSIN and Principal Advisor & TLAB Chairman, Protectt.ai Labs. She shares her current activities and her deep insights on innovaiton in an interaction with Manoj Agrawal:
Algorithm is the Boss
Irem Sayeed, Chief Credit Officer at U GRO Capital, dwells into business focus and modernization at the lender:
Fintech and Neobank under the same Umbrella
It was started in 1902 to build what came to be called Israel:
Bajaj Allianz Revolutionizes Employee's HR and IT Experience with WhatsApp, MS Teams, Al and Automation
A productivity booster shot at BALIC:
Small Beginning for a Big Opportunity
AMU Leasing's focus on serving the underserved market of individuals and fleets looking for financing for electric 3-wheelers and 2-wheelers:
