Chennai: Karur Vysya Bank has announced that its total business grew by Rs 5,765 crore Y-o-Y to Rs 1,06,402 crore as on 30 September, backed by a robust credit growth of nine per cent.
A release stated that total advances grew by Rs 3,904 crore from Rs 44,237 crore to Rs 48,141 crore. During the same period, total deposits have increased from Rs 56,400 crore to Rs 58,262 crore. CASA share also went up at 30 per cent (Rs 17,201 crore) up from 28 per cent a year ago.
The bank’s net interest income for the quarter improved to Rs 579 crore from Rs 555 crore, registering a growth of 4.32 per cent. Non-interest income for the quarter was Rs 176 crore. Operating profit for the quarter stands for KVB at Rs 361 crore.
KVB’s gross NPA stood at Rs 3,707 crore (7.7 per cent) and net NPA is Rs 2,052 crore (4.41 per cent).