Karur Vysya Bank is expecting 12-15 per cent growth in FY18, as compared to the previous year. The Bank is raising around Rs 760 crore through rights issue to support the expected growth.
The Bank is focusing on small and medium enterprises (SME) and retail segments in its business. It has a corporate book of around 32 per cent, a commercial book, including SMEs of around 35 per cent and retail of 16 per cent. Exposure to agriculture is around 17 per cent.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
