Karur Vysya Bank MD says corporate loan growth will be lower than retail and agri segments

Karur Vysya Bank reported strong quarterly earnings results for the April-June quarter. The bank reported more than double growth in its net profit to Rs 229 crore for the quarter, led by higher interest income and improved interest margin.

Aiding from that Karur Vysya Bank's management expects to get a 15 percent loan growth for the financial year 2023, B Ramesh Babu, MD, Karur Vysya Bank told CNBC-TV18.

“Agriculture, retail and commercial, are the focus areas and corporate also - in our case, the corporate is considered a mid-corporate. So we are growing there also, at a lower level we grow there and the rest of the three will be growing at 15 percent. That's a plan of action,” he added.