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Our Bureau

Coimbatore , July 28

Karur Vysya Bank has clocked a net profit of Rs 38.38 crore during the first quarter of the current fiscal against Rs 37.62 crore achieved in the corresponding quarter of the previous year.

While the rise in its net profit was just a little over 2 per cent, its operating profit rose more than 28 per cent at Rs 53.93 cr (Rs 41.98 cr). Total income grew by 27.43 per cent to Rs 218.24 crore (Rs 171.26 crore).

Its interest income reached Rs 190.30 crore (Rs 153.01 crore) and other income recorded 53.10 per cent growth to Rs 27.94 crore (Rs 18.25 crore). Net NPA as a percentage of net advances was below one per cent because of its recovery drive and toning up of post sanction follow-up. The total deposits grew by 32.01 per cent to Rs 8,107.65 crore (Rs 6,141.60 crore), while advances registered a 21.04 per cent growth to reach Rs 5,728.99 crore (Rs 4,733.28 crore).

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