The Hindu Business Line : KVB first quarter net rises 25%

Coimbatore, July 23 Karur Vysya Bank has reported a 24.93 per cent rise in its net profit during the first quarter of the current fiscal compared with the corresponding quarter of the earlier fiscal. While the operating profit increased by 22.81 per cent to Rs 66.23 crore (Rs 53.93 crore), its net profit rose to Rs 47.95 crore from Rs 38.38 crore.

Total income swelled by 33.87 per cent to Rs 292.15 crore (Rs 218.24 crore) and the interest income crossed the Rs 250-crore mark to touch Rs 256.18 crore (Rs 190.3 crore). Interest on advances grew by 47.25 per cent to Rs 193.62 crore (Rs 131.49 crore).

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