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Home / Finance / News / Karur Vysya Bank Q3 profit up 133% at Rs 35 cr, net NPA down at 2.55%

Karur Vysya Bank Q3 profit up 133% at Rs 35 cr, net NPA down at 2.55%

Net interest margin stands at 3.29% and is almost flat as compared to 3.33% a year ago

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Net NPA improved by 158 bps and dropped to 2.55% as on December 31, 2020 from 4.13% a year ago

T E Narasimhan Chennai

2 min read Last Updated : Feb 11 2021 | 11:12 PM IST

Karur Vysya Bank on Thursday reported a 133 per cent increase in profit at Rs 35 crore in the third quarter ended December 31, 2020, compared to Rs 15 crore during the same period last year.

Net interest margin stands at 3.29 per cent and is almost flat as compared to 3.33 per cent a year ago.

Non-interest income for the quarter, excluding treasury profit of Rs 54 crore, is Rs 197 crore during the current quarter as compared to Rs 215 crore a year ago (Treasury profit during Q3 of previous year was Rs 45 crore).

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Topics : Karur Vysya Bank Q3 results corporate earnings Indian Banks

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