Karur Vysya Bank Q4 net profit up by 58% to Rs 217 cr in March quarter

Bank's operating profits increased by 55.30 per cent to Rs 507 cr

Karur Vysya Bank (KVB) net profit rose by 57.65 per cent during the fourth quarter FY17 to Rs 217.56 crore as against Rs 138 crore in the corresponding period in the year-ago period.

Bank's operating profits increased by 55.30 per cent to Rs 507.06 crore as as against Rs 326.51 crore in the same quarter in FY16.

Net interest margin (NIM) rose to 4.05 per cent in the fourth quarter from 3.43 per cent in the year-ago period.

Capital to risk weighted assets ratio (Basel III) stood at 12.54 per cent as against a regulatory minimum of 9 per cent.

Ratio of gross NPA