Karnataka Bank plans to allocate one-fourth of its total credit to MSME sector
By Vaibhav Aggarwal
Jul 4, 2012
Print    Email    RSS   

Karnataka bank has planned to allocate at least one fourth of its total credit to micro, small and medium enterprises (MSME). On this, the Managing Director and Chief Executive Officer of the bank, Mr. P. Jayarama Bhat said that the bank has aimed to do a total business of Rs 26,000 crore this fiscal, which includes deposits of Rs. 39000 crores and loans of Rs. 26,000 crores.

Out of the total loans, the bank plans to increase the share of loans advanced to MSME sector to 25 percent.

To achieve this, the bank will give priority to loan requests from MSMEs while disbursing loans. The Central loan processing centers of the bank has been provided with specialized officers who would process loans from MSME sectors quickly. SME marketing officers have also been placed at selected offices of the bank.

The Mangalore based bank has a total of 37,077 MSME sector accounts to which it disbursed about Rs. 4758 crore, accounting to 22.21 percent of the total credit advanced by the bank.

Out of the total MSME accounts of the bank, the micro enterprises account for 25,585 accounts, the small enterprises have 6,682 accounts and the medium enterprises have 1,810 accounts.

Out of the total loans sanctioned by the bank to the MSME sector, small enterprises have got the largest share at Rs 2,380 crore, followed by medium enterprises at Rs 1,275 crore and micro enterprises have got the least share at Rs 1,104 crore.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Personal loan EMI calculator from RupeeTimes
Do rising NPAs reflect an ailing banking...
Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs # 9
Carnival of Indian Personal Finance Blogs #3

What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive