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‘Paused new disbursements through NBFC partnerships’
Business Standard
|October 21, 2024
Tamil Nadu-based Karur Vysya Bank (KVB) is undergoing a strategic makeover by focusing more on the retail, agriculture and MSME segment. Managing director (MD) and chief executive officer (CEO) B RAMESH BABU talks to Shine Jacob in Chennai about its portfolio roadmap, expansion plan and second quarter performance. Edited excerpts:
KVB reported a 25.13 per cent rise in net profit for July-September at ₹473.6 crore. How do you see Q2 performance?
The quarter gone by was a wonderful one where all boxes under business growth, asset quality, and profitability have been ticked. The bank's performance indicators align with our guidance, demonstrating consistent and steady growth. It's encouraging to see inclusive growth in our retail, agriculture and MSME verticals, continuing the strong start we made in the first quarter.
Share of the corporate segment in your portfolio came down from 40 per cent to 16 per cent in the last four years. What was the reason for this?
Diese Geschichte stammt aus der October 21, 2024-Ausgabe von Business Standard.
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