Karur Vysya Bank will not exit corporate business, says B Ramesh Babu

"Our cost of deposits is one of the most reasonable in the industry, and our yield on advances is in the 10.08 percent range "

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 Rs 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.