During the first quarter, Tamil Nadu-based Karur Vysya Bank’s net profit was 110 per cent in June 2022. The net profit has been raised from Rs 109 crore to Rs 229 crore from last year’s period.
- Krishana Phoschem Shares Rally 4%, Setting Up Fertiliser Manufacturing Plant
- Abbott to Market MSD’s Diabetes Drugs in India; Shares Trading Flat
- Vodafone Idea Shares Gain 1% pm Pact with AST SpaceMobile
- Dabur Enters Nutraceuticals with Digital-First Brand ‘Siens’; Shares Flat
- Tata Technologies Picked by Volvo as Strategic Supplier; Shares Trading Flat
During the previous financial year, operating profit stood at Rs 475 crore, which rose 15 per cent from 412 crore and net interest income was high by 17 per cent from Rs 638 crores to Rs 746 crore.
The gross NPA of the bank had declined to 5.21 per cent from 7.97 per cent a year ago. Its net NPA was 1.91 per cent in the first quarter of this year, Q1FY23, against 3.69 per cent in the first quarter of last year, Q1FY22.
