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Karur Vysya Bank’s net profit during the last quarter of FY 2017 increased 57.65 per cent to Rs 217.56 cr against Rs 138 crore during the corresponding quarter of the earlier fiscal.
The bank’s net interest income rose 22.71 per cent to Rs 579.99 cr (Rs.472.65 crore) and other incomes by 39.64 per cent to Rs 232.99 crore (Rs 166.13 crore) .
Net Interest Margin (NIM) was up 4.05 per cent from 3.43 per cent.
The gross and net NPA, however, registered an increase to 3.58 per cent (2.66 per cent) and 2.53 per cent (1.68 per cent) respectively.
The net profit for the 12-month period ending March 2017 was up 6.76 per cent to Rs 605.98 crore (Rs 567.63 crore)
Total income of the bank stood at Rs 6,404.57 crore for the period ended March 2017 as against Rs 6,150.22 crore during the previous year, registering a growth of 4.14 per cent
The net interest income (NII) grew by 16.41 per cent from Rs 1,781.40 crore to Rs 2,073.70 crore and the NIM improved to 3,70 per cent from 3.43 per cent.
Aggregate business stood at Rs 95,135 crore up from Rs 89,555 crore a year ago. Deposits grew to Rs 53,700 crore from Rs 50,079 crore, while gross advances increased to Rs 41,435 crore from Rs 39,476 crore
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