Karnataka Bank Eyes 60% Retail Business Share, Expects Growth Momentum To Sustain In Q3

Karnataka Bank is targeting an increase in the share of retail business to 60% as it sharpens its focus on retail, agriculture and MSME lending. Speaking to NDTV Profit, Raghavendra S Bhat, the bank's representative, said the lender had delivered a healthy Q2 and expects growth momentum to continue in the December quarter. Retail accounts for 56% of the bank's overall business as of H1 FY27. Bhat also discussed the bank's efforts to mobilise FCNR-B deposits, risk mitigation in retail lending and the importance of improving asset quality ahead of the implementation of expected credit loss (ECL) norms.