Karur Vysya Bank posts 105% rise in net profit to Rs 213 crore in Q4

The bank is expecting a 12 per cent growth on advances and 15 per cent on the CASA front during the current financial year.

Tamil Nadu-based Karur Vysya Bank has posted a 105 per cent rise in net profit during the fourth quarter of the financial year, ended in March 2022, to Rs 213 crore as against Rs 104 crore during the January to March quarter of 2020-21.

The operating profit for the quarter stood at Rs 441 crore – up by 118 per cent from Rs 202 crore for Q4 of the previous year. Net interest income for the quarter was higher at Rs 710 crore for the March 2022 quarter, compared to Rs 613 crore for Q4 of FY 2020-21.

“The main reason for