'
Karur Vysya Bank conducted a concall on 18 July 2024 to discuss the financial results for the quarter ended June 2024 and prospects of the bank. B Ramesh Babu, MD&CEO of the bank addressed the call:
Highlights:
The bank has exhibited strong performance in the quarter ended June 2024. The performance is inline with the guidance and the bank is delivering consistent growth. The bank has touched the business level of Rs 170059 crore end June 2024 with the advances at Rs 77710 crore and deposit at Rs 92349 crore with 4% growth for each.
The bank is focused on inclusive growth for all segments. The retail, agriculture and MSME (MSME) loan book has grown at 6% on sequential basis with faster growth in the retail segment driven by jewel and mortgages loans.
The bank has recorded 6% growth in the commercial segment in 4% growth in agriculture segments.
The corporate loan book has declined by 2% on sequential basis due to lesser utilizati...
Pleaselogin & subscribe to view the full report.
More Reports
-
(10-Feb-2023)
Deepak Nitrite
Plans capex of about Rs 1500 crore for FY23 and FY24
-
Targets revenue of Rs 1000 crore in FY24
-
Capex plan is US$ 30-32 million for next three years
-
Company plans capex of Rs 10,000 crore over the next three years to create growth vectors
|
|