Private lender Karur Vysya Bank on Monday reported a rise of 58.3 per cent in net profit to ₹338 crore for the quarter ended March 2023. This is against a net profit of ₹214 crore reported in the corresponding quarter last fiscal.
Private lender Karur Vysya Bank on Monday reported a rise of 58.3 per cent in net profit to ₹338 crore for the quarter ended March 2023. This is against a net profit of ₹214 crore reported in the corresponding quarter last fiscal.
Meanwhile, its net interest income (NII), which is the difference between interest earned and expended, rose 25.7 per cent to ₹892.6 crore from ₹710 crore year-on-year (YoY). Domestic net interest margin (NIM) for Q3FY23 increased by 29 bps YoY to 3.69%.
Meanwhile, its net interest income (NII), which is the difference between interest earned and expended, rose 25.7 per cent to ₹892.6 crore from ₹710 crore year-on-year (YoY). Domestic net interest margin (NIM) for Q3FY23 increased by 29 bps YoY to 3.69%.
The board of directors of Karur Vysya Bank has recommended a dividend of ₹2 per equity share of face value ₹2 (i.e. 100%) for the financial year ended 31 March 2023, subject to the approval of the shareholders.
The board of directors of Karur Vysya Bank has recommended a dividend of ₹2 per equity share of face value ₹2 (i.e. 100%) for the financial year ended 31 March 2023, subject to the approval of the shareholders.
Gross non-performing assets (GNPA) declined to 2.27 per cent in Q4FY23 as compared to 2.70% in Q4FY22.
Gross non-performing assets (GNPA) declined to 2.27 per cent in Q4FY23 as compared to 2.70% in Q4FY22.
Net NPA dipped to 0.74 per cent in Q4FY23 as against 0.90 per cent in Q4FY22.
Net NPA dipped to 0.74 per cent in Q4FY23 as against 0.90 per cent in Q4FY22.
The company’s share price was trading 1.27 per cent up at ₹97.57 on BSE.
The company’s share price was trading 1.27 per cent up at ₹97.57 on BSE.
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