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Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEO
After a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the next two years from 14% at present. It also plans to enter into the credit card business, and loans against mutual funds are on the cards, too, as is a renewed focus on microloans.
Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growth
Karur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offering loans against mutual funds. A renewed focus on microloans and increasing corporate lending are also key strategies. These initiatives aim to diversify revenue streams and boost overall expansion.
Karur Vysya Bank shares in focus on strong Q1 business growth
Karur Vysya Bank Share Price | The bank's advances increased 17.12% YoY to ₹1.05 lakh crore, crossing the ₹1 lakh crore milestone for the first time.