Business Standard

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

Karur Vysya Bank

R Ramesh Babu, managing director and chief executive officer (CEO), Karur Vysya Bank

Shine Jacob
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 20 2023 | 6:18 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to