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Karur Vysya net rises 2-fold

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BS Reporter Chennai
Last Updated : Jan 20 2013 | 12:00 AM IST

Karur Vysya Bank Ltd (KVB) has reported a over two-fold increase in net profit for the June 2009 quarter at Rs 70.35 crore as against Rs 30.53 crore during the same period last year. MD & CEO P T Kuppuswamy attributed the growth in net profit to net interest margin, which rose to 2.8 per cent from 2.42 per cent the previous year. Non-interest income rose to Rs 80.47 crore from Rs 39.25 crore. Total income rose 29 per cent to Rs 487.37 crore in first quarter.

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First Published: Jul 29 2009 | 12:53 AM IST

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