Karnataka Bank signs MoU with management consultant KPMG

Mangalore: The Karnataka Bank Ltd has engaged management consultant KPMG for its business process re-engineering initiative. The initiative named as Project Tejas will be rolled out across its 510 branches and is aimed at high quality growth across its assets, liabilities, products and services. The bank aims at doubling its business turnover in the next three years.

KPMG will provide hand holding support with its dedicated team positioned at the bank's headquarters here. High growth and superior quality is the mandate given to KPMG as the bank is aiming to clock an annual growth rate of 25% to 30%.

P Jayarama Bhat, managing director and CEO of the bank and Narayanan Ramaswamy, partner of KPMG Advisory Services Pvt Ltd, Chennai signed a memorandum of understanding to this effect. Under the project, the bank will comprehensively reengineer and reposition its marketing efforts, sector prioritization, delivery channels, employee reskilling, brand building with optimum utilization of all resources at its disposal.