In the coming quarters, the corporate loan books is expected to perform better, said PR Seshadri, Managing Director and Chief Executive Officer, Karur Vysya Bank.

Speaking to CNBC-TV18's Prashant Nair and Sumaira Abidi, Seshadri said the bank is trying to transition from a traditional bank into one that can compete in the digital world.

Over the last quarter, we introduced first two digital products and intend to follow with a suit of digital products, he added.

From a revenue stand point, we are reasonably satisfied but the expenses picked up to the tune of 22% because they had to provide gratuity of Rs 26 crore in fourth quarter, he added.

The Q4 slippages stood at Rs 600 crore and out of that Rs 513 crore were due to corporate book, he said.

The exposure to National Company Law Tribunal (NCLT) accounts currently stands at Rs 1,200 crore.

The asset quality for Karur Vysya Bank deteriorated in the fourth quarter and the profit after tax also came in below street estimates.