Karur Vysya Bank announces Financial Results for quarter and nine months ended Dec 2023

Karur Vysya Bank announces Financial Results for quarter and nine months ended Dec 2023

Highlights:

The Bank had crossed historical milestone of total assets of Rs 1 Trillion (Rs 1,00,000 cr)
Total Business up by 14.74% YOY and 3.15% for the quarter.
Deposits up by 12.82% YOY and 3.12% for the quarter.
Loan Book grew at 17.09% YOY and 3.19% for the quarter.
CASA up by 4.70% YOY, CASA ratio stood at 31.53%. 
Net Profit up by 49.60% YOY.
NIM at 4.20%, up by 9 bps YOY.
Other Income up by 35.88% YOY. 
ROA at 1.65% for the quarter. 
ROE at 17.20% for the quarter. 
GNPA at 1.58%, NNPA at 0.42%. 
PCR at 94.81%.
Capital adequacy ratio (CRAR) stood at 15.39% with CET 1 ratio of 13.87%.

 
Mr. Ramesh Babu B, Managing Director & CEO, The Karur Vysya Bank said, “We have been…
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Source: https://www.psuconnect.in/news/karur-vysya-bank-financial-results-for-quarter-and-nine-months-ended-dec-2023/40920