K Venkatraman, CEO & MD sees no futher compression on the bank's margins, which would stand at 3 percent going forward. Further, their loan growth in this fiscal would be around 25 percent.
K Venkatraman foresees additional pressure coming in on the bank's net interest margin post 50bps interest rate hike announced by the central bank on July 26. However, the bank would protect its margins to the possible extent.
Venkataraman takes charge as Karur Vysya CEO