A recent press report said that Karnataka Bank has given KPMG Advisory Services (P) Ltd. the task of conducting the business process re-engineering for the bank.
According to a statement given by Mr.P.Jayarama Bhat, Managing Director and Chief Executive Officer of the bank, the bank has taken up this process or re-engineering its process in order to improve its working at different levels and to increase the growth trajectory.
He also pointed that this initiative has been commenced in order to facilitate the bank to realize the short term and medium term strategic goals and improve its operational efficiencies and employee / branch productivity.
This initiative would be taken across multiple functions and departments of the bank. This revamp project has been taken to find whether there is any gap in the working of the organization.
The duration of the business process reengineering project would be for six months followed by a full scale rollout of the devised initiatives across the bank.
Karnataka Bank Limited, is a leading ‘A’ Class Scheduled Commercial Bank in India. It was incorporated on February 18th, 1924 at Mangalore. The bank has emerged as a leading financial service institution in India. Its loan portfolio includes home loan, personal loans, car loan, business loans, mortage loans etc.