The ECL model will not dent profits much: Karur Vysya Bank MD & CEO

We will test the waters, ferret out information through our business correspondents, and only then open a branch: B RAMESH BABU, Karur Vysya Bank MD & CEO

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