Saturday, October 26, 2013

‘Slowdown hurts banking sector’

The asset quality of the banking sector is under stress mainly on account of subdued economy and negative sentiments of investors, according to P. Jayarama Bhat, Managing Director of Karnataka Bank Ltd. Addressing the regional heads’ conference of the bank in Mangalore on Friday, he said there was untapped potential in retail segment – especially in MSME (micro, small and medium enterprises), forex, agri and housing sectors. These sectors will drive growth in the ensuing quarters............

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