Bank to broadbase farm credit
Our Banking Bureau
12 June 2002
Karnataka Bank has plans to broadbase its agro-credit portfolio.
bank, which has lent 23 per cent of its gross advances to the
agricultural sector in Karnataka, surpassing the Reserve Bank of
India (RBI) target of 18 per cent, now plans to enter other states
in a bid to widen its base.
Karnataka Bank chairman
Anantha Krishna says the non-performing assets under the
agricultural sector have declined, mainly due to the extension of
relief measures by the bank to the farmers
without diluting the lending discipline as per the RBI guidelines.
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