'Karur Vysya Bank conducted a concall on 20 January 2025 to
discuss the financial results for the quarter ended December 2024 and prospects
of the bank. B Ramesh Babu, MD&CEO of the bank addressed the call:
Highlights:
The bank continued to have another strong quarter of
performance in Q3FY2025. The performance is in line with the guidance and the
bank is witnessing steady and consistent growth.
The bank has maintained the growth momentum and expects
sustained growth in Q4FY2025.
The loan book of the bank has grown 14% yoy and 3% qoq to Rs
82838 crore with retail agriculture and MSME (RAM) loan book rising 20% yoy and
4% qoq. The retail loan growth is 20% driven by mortgages and jewel loans.
The bank expects to achieve loan growth guidance of 14% for
FY2025.
The bank has made a strategic change of opening an open
market channel for business sourcing. This was implemented in 240 branches and
it will be f...
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