The 107-year-old Karur Vysya Bank has reduced its share of the corporate segment in advances over the past two years. B RAMESH BABU, managing director and chief executive officer of the generations-old private bank, in an exclusive phone call with Shine Jacob, says the bank is targeting a growth rate of 14 per cent in the current financial year (2023-24, or FY24) and that the expected credit loss (ECL) model for provision will not affect its profitability to a large extent. Edited excerpts:
The share of corporations in your advances has nearly halved from 40 per cent to 22 per cent in two years. What is your strategy?
We have restricted the upper limit of our corporate accounts to Rs. 125 crore. Any account above this limit may well be good or government-owned, but we have politely asked them to shift them to another bank. Our risk appetite is limited to just Rs. 125 crore. Some customers were unhappy, but we employed it
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