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Wednesday, Oct 29, 2008
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Money & Banking - Financial Performance
Corporate Results - Private Banks
KVB Q2 net rises 43%


Our Bureau

Coimbatore, Oct. 28 Karur Vysya Bank’s net rose 43.35 per cent to Rs 62.23 crore during the second quarter of this fiscal, against Rs 43.41 crore achieved during the corresponding quarter of the earlier fiscal.

Its total interest income for the quarter increased 31 per cent to Rs 272.65 crore (Rs 208.11 crore), interest on advances grew by 39 per cent to Rs 193.95 crore (Rs 140.02 crore) and other income stood at Rs 37.21 crore.

Its total business increased to Rs 23,022 crore from Rs 18,355 crore, recording a year-on-year growth of 25.4 per cent. The total deposits stood at Rs 13,286.11 crore (Rs 10,916.38 crore) and advances totalled Rs 9,736.54 crore (Rs 7,438.68 crore).

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