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While offering the convenience of banking from the comfort of one’s home as well as on the go via the mobile app, Karur Vysya Bank seems to be visualising a different operational structure in branch banking as well.
K Venkataraman, Managing Director and CEO, KVB, said that the bank is looking at small-size branches of, say, 600-800 square feet, only to on-board customers.
At least three to four mini-size branches are expected to become operational by September 2017, a KVB spokesperson said.
To a query on performance, he said: “We do not foresee a huge jump in growth during the first two quarters of FY 17-18, but hope that the government spend would increase during the third quarter. If it does, we may post a decent growth next fiscal.”
On recoveries, he said: “We have been aggressive. NPAs are not fully recoverable, but where there is scope, we recover. In fact, we have done many technical write-offs.”
The bank plans to set up recovery branches, maybe two to three to start with, early next year.
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