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.
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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.
