Stock Pick: The Karnataka Bank
Last year, the Karnataka bank had come up with a rights issue, which helped the bank in raising its capital
One of the oldest private sector bank’s management has set out on the mission to reach a turnover of Rs 1.8 lakh crore by 2020, with deposits of Rs 1 lakh crore and advances of Rs 80,000 crore. Last year, the Karnataka bank had come up with a rights issue, which helped the bank in raising its capital in a bid to improve its capital adequacy ratio. Another of the bank’s targets is to become a preferred banker to at least 1 per cent of the population by March 2020. Therefore, the bank is working towards achieving these targets. It is doing so by focusing on the products and services that will address and look into the needs of both retail as well as its corporate customers.