Karur Vysya Bank Records Significant Growth in Financial Metrics
India’s private sector bank, Karur Vysya Bank, has recorded a remarkable growth in its financial metrics for the year, as per the latest business update. The bank’s total deposits have surged by 12.8% year-over-year, indicating a substantial increase in the funds held by the bank in various forms such as savings, current, and fixed deposits from its customers.
Surge in Advances
Alongside the growth in deposits, the bank has also reported a significant rise in its advances, registering an increase of 17.1% year-on-year. Advances, essentially the loans and credits extended by the bank to its customers, signify the…
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