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Karnataka Bank eyes agri credit of Rs 6,800 cr in FY'18

Press Trust of India  |  New Delhi 

Private sector today said it is targetting Rs 6,800 crore agri credit in the current financial year.

This constitutes 18.09 per cent of adjusted net credit as against the minimum regulatory requirement of 18 per cent, the said in a statement.

The private sector lender said it achieved the target of 18 per cent agriculture advance target in the fiscal ended March and is confident of maintaining the level in future.

"In their moment of crisis, farmers need hand-holding support. Timely extension to agri credit, technical counselling, marketing input to farmers to reap maximum benefits...Is remunerative to both banks as well as farmers," Bank MD and CEO Mahabaleshwara M S said in the statement.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 19 2017. 22:42 IST