Karur Vysya to launch small size branches
Karur Vysya Bank is now visualising a different operational structure in branch banking by introducing small branches of 600-800 sq. ft. K. Venkataraman, MD and CEO, KVB, said, “The bank is looking at small-size branches of, say, 600-800 sq. Feet, only to on-board customers”.
To a query on performance, he said, “We do not foresee a huge jump in growth during the first two quarters of FY17-18, but hope that the government spend would increase during the third quarter. If it does, we may post a decent growth next fiscal”.
At least three to four mini size branches are expected to become operational by September 2017, a KVB spokesperson said. The bank plans to set up recovery branches, maybe two to three to start with, early next year.