Financial Daily from THE HINDU group of publications
Saturday, Jan 28, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 28, 2006 |
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Money & Banking
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Financial Performance Corporate Results - Private Banks Karur Vysya Bank net up at Rs 26 cr Our Bureau
Coimbatore , Jan. 27 KARUR Vysya Bank has clocked a net profit of Rs 25.86 crore for the quarter ended December 31, 2005, posting a 24.81-per cent growth over the same period last year. Total interest income rose to Rs 163.78 crore (Rs 146.97 crore). Interest on advances recorded a 20.57-per cent growth to reach Rs 116.90 crore (Rs 96.96 crore), while other incomes increased 44.14 per cent to Rs 30.63 crore (Rs 21.25 crore). The net profit for the nine-month period was at Rs 90.98 crore (Rs 75.26 crore), recording a year-on-year growth of 20.89 per cent. The total interest income increased to Rs 478.71 crore (Rs 445.72 crore), while the interest on advances grew 15.95 per cent to Rs 334.84 crore (Rs 288.78 crore). The bank was able to increase its other income from Rs 70.50 crore to Rs 86.65 crore on the back of improved treasury and fee-based income.
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