Karnataka Bank to target Rs 6800 crore of farm credit

In FY 2017-18

Karnataka Bank announced that it is targeting Rs 6800 crore of farm credit during current financial year 2017-18. This constitutes 18.09% of ANBC (Adjusted Net Bank Credit) as against the minimum regulatory requirement of 18%. In fact, as on 31 March 2017, also Bank has achieved it agriculture advance target of 18% and is confident of maintaining the said achievement level in future.

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