Financial Daily from THE HINDU group of publications
Saturday, Jan 24, 2004
Financial Daily from THE HINDU group of publications Saturday, Jan 24, 2004 |
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Money & Banking
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Financial Performance Corporate Results - Private Banks Karur Vysya Bank third quarter net rises 10 per cent Our Bureau
Chennai , Jan. 23 KARUR Vysya Bank reported a 10 per cent growth in net profits for the third quarter at Rs 44.54 crore compared to Rs 40.21 crore for the corresponding period in the previous fiscal. The marginal growth in profits was possible because of a write back of provisions to the tune of Rs 14.62 crore during the quarter. Interest income was up 19 per cent to Rs152 crore, but total income for the quarter dropped 12 per cent to Rs157.06 crore. There was a sharp drop in other income at Rs 5.09 crore compared to Rs 52.31 crore for the corresponding 3 month period ended December 2002. The bank's capital adequacy was at 20.26
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