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Karur Vysya Bank conducted a concall on 17 October 2024 to discuss the financial results for the quarter ended September 2024 and prospects of the bank. B Ramesh Babu, MD&CEO of the bank addressed the call:
Highlights:
The bank delivered another strong quarter of performance in the quarter ended September 2024 on growth, profitability and asset quality front. The bank is delivering steady and consistent growth. The bank is confident of sustaining growth in the future quarters.
The corporate loan book of the bank has declined 4% on sequential basis due to lower availment, lower disbursements and repayments due to discomfort on pricing.
The deposits mobilization was the key focus area of the bank and various initiatives helped to grow the deposit base by 4% in Q2, while the Casa deposits grew by moderate 1% for Q2FY2025.
The bank has maintained NIM above 4% at 4.11% in Q2 and 4.12% in H1 driven by shading of low yielding ad...
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