Karur Vysya Bank Q3 Result: Net Profit jumped 56% YoY

Karur Vysya Bank reported Q3 Results on January 23, 2023. Net profit jumps 56% YoY to Rs.289 crores.

Karur Vysya Bank reported a Net Interest Income of Rs.889 crores rose 30% YoY. It was Rs.686 crores in Q3 last year.

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Bank reported its NIM of 4.32% for Q3FY23 up by 64 bps YoY. It was 3.68% for Q3FY22.

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Bank reported a Net profit of Rs.289 crores rose 56% YoY. It was Rs.185 crores in Q3 last year.

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Bank reported Operating profit Rs.689 crores up 72% YoY. It was Rs.401 crores in Q3 last year.

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Karur Vysya Bank reported CASA Deposits grew by 7% YoY from 24,127 crores to 25,800 crores on Q3FY23.

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Bank reported provisions of Rs.364 crores up 59.9% YoY. It was Rs.146 crores in Q3 last year.

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Bank reported Gross NPA of 2.66% was 3.97% QoQ and 6.97% YoY. Net NPA of 0.89% was 1.36% QoQ and 2.55% YoY.

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