Karnataka Bank on Saturday said it is targeting to grow its business at 12 per cent to over `1.42 lakh crore in the current fiscal year and will gradually increase the share of retail loan in its portfolio.
In a communication to shareholders, the bank said it strives to see 2021-22 as a year of excellence on the back of its healthy business growth, ‘Cost-Lite’ liability portfolio and strengthened fundamentals.
“For the new Financial Year, the Bank is planning to grow its business at a moderate 12% to take the total business turnover (i.E. Total of Deposits and Advances) to around `1,42,500 crore,” it said.As a realignment strategy in its advances portfolio, the private sector lender said it has been eyeing credit exposure of minimum 50 % to retail, 35% to mid corporates and not more than 15% to large corporates.