The bank had posted a net profit of Rs 696 crore in the year-ago quarter. Private sector Karur Vysya Bank on Tuesday reported a profit after tax for the July-September quarter at Rs 378.45 crore.The Tamil Nadu-based bank had registered a profit after tax at Rs 250.23 crore during the corresponding quarter of previous year.For the half year ending September 30, 2023, the net profit of the bank stood at Rs 737 crore, from Rs 479 crore registered in the corresponding period of last year.Total income from operations during the quarter under review grew to Rs 2,335.97 crore, from Rs 1,821.05 crore registered a year ago.For the year ending March 31, 2023 the total income from operations was…
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Category: Karur Vysya Bank
Karur Vysya Bank’s new branch in Pudukottai
CHENNAI: Karur Vysya Bank on Monday inaugurated a new branch in Karambakkudi, Pudukottai district. With this, the total branch network of the bank increased to 839. Dr M Sathya, chief medical officer, Government Hospital, Karambakkudi inaugurated it, as per a release. The bank’s total business was Rs 1,58,357 crore as on December 31, 2023 with a deposit base of Rs 85,665 cr and advances at Rs 72,692 cr. The bank posted net profit of Rs 412 crore in Q3 2023-24. Other key financial ratios include net NPA – 0.42 per cent, NIM – 4.32 per cent, and PCR – 94.81 per cent in the said quarter.
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Source: https://www.dtnext.in/amp/news/business/karur-vysya-banks-new-branch-in-pudukottai-779804
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Noida Authority frees 18 acres of land worth Rs 308 crore from land mafias
The Noida Authority had identified multiple sectors, villages, and areas specially along the Noida Expressway, where land mafias had encroached upon the government land and were attempting to sell plots to the gullible public. The anti-encroachment drive was conducted in villages such as Sorkha Zahidabad, Salarpur, Asadullapur, Mohiyapur, Sadarpur, Mamura, Garhi Samastipur, Gulawali and Salarpur Khadar.
Source: https://www.moneycontrol.com/
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South Indian Bank, Karur Vysya Bank post double digit growth in deposits | Company News
Private sector lenders South Indian Bank and Karur Vysya Bank posted double digit growth in deposits at the end of the quarter ending March 31, 2024. The deposits of South Indian Bank grew by 11.21 per cent year-on-year (Y-o-Y) to Rs 1,01,929 crore from Rs 91,651 crore. Meanwhile, the deposits of Karur Vysya Bank rose by 16.28 per cent Y-o-Y to Rs 89,113 crore. Click here to follow our WhatsApp channel The (Current Account Savings Account) CASA deposits of Thrissur-based lender South Indian Bank grew by 8.03 per cent Y-o-Y to Rs 32,654 crore, whereas Karur Vysya Bank posted a 6.43 per cent uptick in CASA deposits to Rs 27,085 crore. Meanwhile, the advances of Karur Vysya Bank rose to…
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Karur Vysya Bank inaugurated new branch
Chennai: Karur Vysya Bank today inaugurated a new branch in KARAMBAKKUDI, Pudukottai District, Tamil Nadu. With this the total branch network of the bank increased to 839.
Dr. M. Sathya, M.B.B.S., DDVL, Chief Medical Officer, Government Hospital, Karambakkudi has Inaugurated the branch.
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About Karur Vysya Bank: The Bank has built its financials around three pillars – Growth, Profitability and Asset Quality. The bank’s total business was Rs. 1,58,357 crores as on 31.12.2023 with a deposit base of Rs. 85,665 cr. and advances at Rs. 72,692 cr. The bank posted net profit of Rs. 412 cr. in Q3…
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Source: https://www.psuconnect.in/news/karur-vysya-bank-inaugurated-new-branch/42217
Karur Vysya Bank inaugurates new branch in Karambakkudi
Karur Vysya Bank today inaugurated a new branch in KARAMBAKKUDI, Pudukottai District, Tamil Nadu. With this the total branch network of the bank increased to 839.Dr. M. Sathya, M.B.B.S., DDVL, Chief Medical Officer, Government Hospital, Karambakkudi has Inaugurated the branch.Shares of Karur Vysya Bank Limited was last trading in BSE at Rs. 188.05 as compared to the previous close of Rs. 191.45. The total number of shares traded during the day was 86621 in over 1932 trades.The stock hit an intraday high of Rs. 191.75 and intraday low of 185.35. The net turnover during the day was Rs. 16371170.00.
Source : Equity Bulls
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Karur Vysya Bank crosses 4-digit profitability for first time in FY23: B Ramesh Babu
B Ramesh Babu, MD at Karur Vysya Bank on Tuesday said that the lender has crossed 4-digit profitability for the first time in FY23. Hailing the March quarter earnings, Babu said that the year has been a good one with respect to asset quality. The slippages were negative and the bank strengthened their collection mechanism as well, Babu told CNBC-TV18.Karur Vysya Bank on Monday reported 59 percent jump in net profit at Rs 338 crore for March quarter 2022-23 as bad loans fell. The lender’s asset quality improved, with gross non-performing assets (NPAs) falling to 2.27 percent of gross advances as of March 31, 2023, from 6.03 per cent a year ago. In value terms, gross NPAs of the bank…
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Karur Vysya Bank Expands Reach with New Branch in KARAMBAKKUDI
Karur Vysya Bank today inaugurated a new branch in KARAMBAKKUDI, Pudukottai District, Tamil Nadu. With this the total branch network of the bank increased to 839.
Dr. M. Sathya, M.B.B.S., DDVL, Chief Medical Officer, Government Hospital, Karambakkudi has Inaugurated the branch.
The Bank has built its financials around three pillars – Growth, Profitability and Asset Quality. The bank’s total business was Rs. 1,58,357 crores as on 31.12.2023 with a deposit base of Rs. 85,665 cr. and advances at Rs. 72,692 cr. The bank posted net profit of Rs. 412 cr. in Q3 2023-24. Other key financial ratios include Net NPA – 0.42%,…
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Source: https://smestreet.in/infocus/karur-vysya-bank-expands-reach-with-new-branch-in-karambakkudi-4485410
KVK opens new branch at Karambakudi
Karur Vysya Bank on Monday inaugurated a new branch at Karambakudi in Pudukottai district. With this, the total number of branches of the bank has gone up to 839. M. Sathya, Chief Medical Officer, Government Hospital, Karambakudi, inaugurated the new branch, a KVB press release said.
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