1. SRIKRISHNAN HARIHARA SARMA IS APPOINTED AS THE MD AND CEO OF KARNATAKA BANK
Srikrishnan Harihara Sarma has been named the new Managing Director and Chief Executive Officer (CEO) of Karnataka Bank, a well-known Indian financial organization. Sarma offers a lot of knowledge to his new position thanks to his significant experience spanning over four decades in commercial, retail, and transactional banking, technology, and payments.
India's economic growth is predicted to be between 6.5 and 6.5 percent for the fiscal year 2023–2024 by experts from various organizations. Although there are little differences in decimal points, the agreement speaks to a promising future for the GDP development of the nation.
2. ACCORDING TO BOB ECO RESEARCH, GDP SHOULD INCREASE BY 6% TO 6% IN FY24
State-owned Bank of Maharashtra (BoM), which has its headquarters in Pune, has been acknowledged as the finest bank for handling troubled debt after recording an astonishingly low net non-performing assets (NPAs) ratio of 0.25% for the fiscal year that ended in March 2023.
3. IN FY23, THE BANK OF MAHARASHTRA EMERGED AS THE TOP PERFORMER IN THE AREA OF NPA MANAGEMENT