Business Standard

Karur Vysya Bank Ltd News

Karur Vysya Bank Q1 results: Net profit rises 27.86% to Rs 459 crore

Operating expenses for the quarter were Rs 667 crore compared to Rs 582 crore during the corresponding quarter of the previous year

Karur Vysya Bank Q1 results: Net profit rises 27.86% to Rs 459 crore
Updated On : 18 Jul 2024 | 7:13 PM IST

Karur Vysya Bank to open 100 new branches in FY25: MD & CEO Ramesh Babu

Private sector Karur Vysya Bank has set a target of opening 100 new branches during the current financial year across the country, a top official said on Wednesday. The Tamil Nadu-based bank's 840th branch in Ayodhya was inaugurated by the bank's Chairperson Meena Hemchandra. Karur Vysya Bank Managing Director and CEO B Ramesh Babu said the bank had opened 39 branches during the current financial year and proposes to add about 100 new branches across the country during the period. In a statement, here, Babu said the bank recorded the highest-ever annual net profit of Rs 1,605 crore in the last financial year while the net Non-Performing Assets (NPA) were at 0.40 per cent as on March 31, 2024. "The bank continues its strong growth momentum, consistency in asset quality and profitability," he said. Babu along with Directors of the Bank Sarvashri K S Ravichandran, R Ramkumar and K G Mohan were present at the inauguration of the new branch in Uttar Pradesh, which is also the 35th bran

Karur Vysya Bank to open 100 new branches in FY25: MD & CEO Ramesh Babu
Updated On : 22 May 2024 | 4:36 PM IST

Karur Vysya Bank Q4 results: Net profit rises 35% to Rs 456 crore

Private sector lender Karur Vysya Bank on Monday reported a 35 per cent rise in net profit to Rs 456 crore in the March quarter. The Tamil Nadu-based bank had earned a net profit of Rs 338 crore in the year- ago period. The total income increased to Rs 2,813 crore during the quarter under review, as against Rs 2,169 crore in the corresponding period a year ago, the bank said in a regulatory filing. The interest income of the bank grew to Rs 2,185 crore during the period under review, from Rs 1,768 crore in the corresponding quarter a year ago. On the asset quality side, the bank's gross non-performing assets (NPAs) moderated to 1.40 per cent of gross advances as of March 2024, from 2.27 per cent at the end of March 2023. Net NPAs also declined to 0.40 per cent of the advances, from 0.74 per cent at the end of 2023. However, provision and contingencies remained flat at Rs 293 crore. For the financial year ended March 2024, the bank's net profit increased 45 per cent to Rs 1,605 c

Karur Vysya Bank Q4 results: Net profit rises 35% to Rs 456 crore
Updated On : 13 May 2024 | 8:35 PM IST

South Indian Bank, Karur Vysya Bank post double digit growth in deposits

The deposits of South Indian Bank grew by 11.21% year-on-year (Y-o-Y) to Rs 1,01,929 crore from Rs 91,651 cr. Meanwhile, the deposits of Karur Vysya Bank rose by 16.28% Y-o-Y to Rs 89,113 cr

South Indian Bank, Karur Vysya Bank post double digit growth in deposits
Updated On : 02 Apr 2024 | 8:03 PM IST

Mid-, Small-Caps: Correction coming to an end; Time to buy, says Nuvama

Nuvama Institutional Equities, in report based on technical analysis, expects the Nifty MidCap to turn bullish above 48,100 and SmallCap above 15,400 levels.

Mid-, Small-Caps: Correction coming to an end; Time to buy, says Nuvama
Updated On : 26 Mar 2024 | 12:58 PM IST

Karur Vysya Bank Q3 results: Net profit rises 43% to Rs 412 crore

The bank's total income from operations saw a 24 per cent increase to Rs 2,497 crore for the quarter ending in December 2023, compared with Rs 2,013 crore in the same period a year ago

Karur Vysya Bank Q3 results: Net profit rises 43% to Rs 412 crore
Updated On : 22 Jan 2024 | 4:32 PM IST