Private sector lender, Karur Vysya Bank(KVB) has set a target of achieving total business worth Rs 50,000 crore by the next financial year, said an official of the bank. The bank also wishes to add 100 new branches to its kitty and will soon be applying for it, the official added.

"We will be applying to the RBI for 70-100 new branch licences in 2011-12," KVB Managing Director and Chief Executive Officer P T Kuppuswamy said.

By the end of this year the south based lender plans to have 375 branches operating in the country. Further ahead, the bank will target the north and western parts of the country, said Kuppuswamy.

The bank aims to attain business worth Rs 1,25,000 crore by 2016 which also happens to be its centenary year. "We plan to reach there gradually. In FY'11, we will touch Rs 42,000 crore and Rs 50,000 crore by 2011-12," he said.

The bank aims to grow its current and savings account deposits (CASA) by 2% to 26% this fiscal, he said.