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The net profit of Karur Vysya Bank has risen 34 per cent in the third quarter of this fiscal compared to the year-ago period.
“This healthy growth is due to better margins, lower operational expenses and lower provisions,” the bank’s Chief Executive K Venkataraman said.
While the Q3 net profit swelled to ₹152.38 crore compared with ₹113.88 crore clocked during the corresponding quarter of the previous fiscal, the operating profit was up 24 per cent at ₹325.57 crore (₹262.69 crore) and net interest margin was up at 3.47 per cent (3.08 per cent).
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