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Karur Vysya Bank Q4 Results: Net profit jumps 35% YoY to Rs 456 crore

Karur Vysya Bank Q4 Results: Net profit jumps 35% YoY to Rs 456 crore
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RBI permits ICICI Pru Mutual Fund to acquire 9 95 per cent stake in Karur Vysya Bank

The approval granted by the Reserve Bank of India (RBI) is subject to the compliance with the relevant provisions of the Banking Regulation Act, 1949, RBI s Master Direction and Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies dated January 16, 2023, it said.

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karur vysya bank: Karur Vysya net profit up 51% on lower provisions

Net interest income rose 11.5% at 915 crore. Its gross non-performing assets ratio improved to 1.73% at the end of September from 4.02% a year ago. Net NPA was 0.47% against 1.38%. Provision coverage ratio was at 94.49% as against 86.94% earlier.

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Karur Vysya Bank reports July-Sept quarter net at Rs 378 45 cr

Karur Vysya Bank reports July-Sept quarter net at Rs 378 45 cr
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karur vysya bank q2 results: Karur Vysya Bank Q2 Results: Net profit rises 51% YoY to Rs 378 crore

The bank s net interest margin stood at 4.07% for the quarter under review as compared with 4.10% in the year-ago period. Net interest income rose 11.5% at Rs 915 crore.

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