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 Money & Banking - Financial Performance
Corporate Results - Private Banks
Karur Vysya Q2 net rises marginally

Our Bureau

Coimbatore, Oct. 29 Karur Vysya Bank has registered a net profit of Rs 43.41 crore for the quarter ended September 2007 against Rs 42.56 crore during the corresponding quarter of the pervious fiscal.

Clarifying on the marginal rise, the Chairman, Mr P.T. Kuppuswamy, said the Q2 net profit of the previous fiscal included Rs 15.15 crore earned through the sale of the bank’s stake in Bharat Overseas Bank to Indian Overseas Bank. ‘Excluding that, the bank has netted a 58.37 per cent increase during the Q2 of the current fiscal.’

Its income from treasury operations slipped to Rs 77.57 cr (Rs 91.27 crore), while other banking operations revenue grew to Rs 232.26 crore (Rs 170.24 crore), taking the total income to Rs 309.83 crore (Rs 261.51 crore).

Its total business crossed the Rs 18,355-crore mark from Rs 14,443 crore, recording a year-on-year growth of 27 per cent.

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