Bank will continue to finance the needy borrowers under all sectors of agriculture to ensure inclusive growth in accordance with the recently revised guidelines of RBI, said P Jayarama Bhat.
Karnataka Bank is all set to have an Agriculture advance portfolio of Rs.6115 crores by March 2016, with an annual growth rate of 18.84 %.At present, bank has 10 Agriculture Development Branches (ADB), 142 Green Branches and 52 Agriculture Field Officers (AFOs) as dedicated resources for branches to ensure hassle free agriculture lending and to minimize occurrence of non-performing advances. Bank will continue to finance the needy borrowers under all sectors of agriculture to ensure inclusive growth in accordance with the recently revised guidelines of Reserve Bank of India" said P Jayarama Bhat MD & CEO of the Bank in his key note address at the Agri. Business Conference of the bank held on 09.06.2015, at Bank's Head Quarters, Mangaluru .
Further, Bank has also today launched 'Kisan Rupay Debit Card" which is linked to KCCOD (Kisan Credit Card Overdraf t) account of the farmer clientele with built in accident cover of Rs.1.00 lakh without any extra premium and validity period of ten years. It is expected to benefit large number of farmers who have availed crop loan in the form of KCCOD as they can transact through ATMs.
M S Mahabaleshwara, Chief General Manager of the Bank, in his special address informed that, "Bank should focus more on developing a stress free agriculture credit portfolio. Besides extending technical guidance to farmer clientele, the Agriculture Field Officers should ensure timely credit delivery and its end use and recovery."
General Manager Dr Meera Aranha in her address advised the participants to achieve the stipulated target under agriculture advances by focusing on strategies drawn.
Senior General Manager Jairama Hande P, General Managers N Upendra Prabhu, Raghurama, and Sri Chandrashekhar Rao B and Deputy General Mangers Subhahchandra Puranik and Nirmalkumar K Hegde and Assistant General Manager Ramesh Bhat were present during the deliberations.
Further, Bank has also today launched 'Kisan Rupay Debit Card" which is linked to KCCOD (Kisan Credit Card Overdraf t) account of the farmer clientele with built in accident cover of Rs.1.00 lakh without any extra premium and validity period of ten years. It is expected to benefit large number of farmers who have availed crop loan in the form of KCCOD as they can transact through ATMs.
M S Mahabaleshwara, Chief General Manager of the Bank, in his special address informed that, "Bank should focus more on developing a stress free agriculture credit portfolio. Besides extending technical guidance to farmer clientele, the Agriculture Field Officers should ensure timely credit delivery and its end use and recovery."
General Manager Dr Meera Aranha in her address advised the participants to achieve the stipulated target under agriculture advances by focusing on strategies drawn.
Senior General Manager Jairama Hande P, General Managers N Upendra Prabhu, Raghurama, and Sri Chandrashekhar Rao B and Deputy General Mangers Subhahchandra Puranik and Nirmalkumar K Hegde and Assistant General Manager Ramesh Bhat were present during the deliberations.
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