Karur Vysya Bank
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Karur Vysya Bank Q3 results: Net profit grows 20.39% to Rs 496 crore
The bank's net interest income (NII) increased by 7.79 per cent to Rs 1,079 crore compared to Rs 1,001 crore in the same period last year
Karur Vysya Bank shares rise 5% as Q3 profit up 21%, asset quality improves
Karur Vysya share price: Karur Vysya Bank said its net profit for Q3FY25 increased 20.5 per cent year-on-year (Y-o-Y) to Rs 496.03 crore
Karur Vysya Bank now operates 475 branches, including 2 new ones in TN
Private sector Karur Vysya Bank has inaugurated two more branches, taking the overall branch network to 475 in Tamil Nadu, the bank said on Sunday. The Tamil Nadu-based bank inaugurated two branches, one each in Chennai and the other at Tiruchirappalli. According to a press release, during the current financial year, the company has added 28 new branches, taking the overall presence of the banking network to 866 across the country. The new branches would provide basic banking transactions and would also address the specific needs of customers. It would also provide banking and financial services covering retail, institutional and consumer lending. As on September 30, 2024, the bank's total business stood at Rs 1,76,138 crore with a deposit base of Rs 95,839 crore and advances at Rs 80,299 crore. In the last financial year, the bank recorded its highest net profit of Rs 1,605 crore, the release added.
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Karur Vysya Bank's Q3 FY25 business rises 15% to Rs 1.82 trillion
The lender's advances increased by 13.96 per cent Y-o-Y to Rs 82,842 crore, while deposits grew by 15.75 per cent Y-o-Y to Rs 99,155 crore as of the end of December 2024
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FAR securities receive 60,000 crore inflows since JP Morgan inclusion
FPI investment in FAR securities had doubled, surpassing the Rs. 2 trillion mark within nine months of announcement of JP Morgan including Indian debt in its index
Karur Vysya Bank will not exit corporate business, says B Ramesh Babu
"Our cost of deposits is one of the most reasonable in the industry, and our yield on advances is in the 10.08 percent range "
Karur Vysya Bank Q2 results: Net profit up 25.13% at Rs 473.60 cr
Private sector Karur Vysya Bank on Thursday reported a 25.13 per cent rise, on its net profits for the July-September quarter at Rs 473.60 crore, a top official said. The Tamil Nadu-based bank recorded a net profits of Rs 378.45 crore during the corresponding quarter of last year. Net profits for the six-month period ending September 30, 2024, grew by 26.46 per cent, to Rs 932 crore as compared to Rs 737 crore recorded in the corresponding period of last year. Total income during the quarter under review soared to Rs 2,856.01 crore from Rs 2,335.97 crore registered in the same quarter of last financial year. "We have achieved another strong quarter of performance, guided by our three key metrics - growth, profitability and asset quality. The bank's performance indicators align with our guidance, demonstrating consistent and steady growth," the bank's Managing Director and CEO Ramesh Babu B said in a statement. The total business of the bank as on September 30, 2024, stood at Rs ..
Karur Vysya Bank Q1 results: Net profit rises 27.86% to Rs 459 crore
Operating expenses for the quarter were Rs 667 crore compared to Rs 582 crore during the corresponding quarter of the previous year
Karur Vysya Bank to open 100 new branches in FY25: MD & CEO Ramesh Babu
Private sector Karur Vysya Bank has set a target of opening 100 new branches during the current financial year across the country, a top official said on Wednesday. The Tamil Nadu-based bank's 840th branch in Ayodhya was inaugurated by the bank's Chairperson Meena Hemchandra. Karur Vysya Bank Managing Director and CEO B Ramesh Babu said the bank had opened 39 branches during the current financial year and proposes to add about 100 new branches across the country during the period. In a statement, here, Babu said the bank recorded the highest-ever annual net profit of Rs 1,605 crore in the last financial year while the net Non-Performing Assets (NPA) were at 0.40 per cent as on March 31, 2024. "The bank continues its strong growth momentum, consistency in asset quality and profitability," he said. Babu along with Directors of the Bank Sarvashri K S Ravichandran, R Ramkumar and K G Mohan were present at the inauguration of the new branch in Uttar Pradesh, which is also the 35th bran
Karur Vysya Bank Q4 results: Net profit rises 35% to Rs 456 crore
Private sector lender Karur Vysya Bank on Monday reported a 35 per cent rise in net profit to Rs 456 crore in the March quarter. The Tamil Nadu-based bank had earned a net profit of Rs 338 crore in the year- ago period. The total income increased to Rs 2,813 crore during the quarter under review, as against Rs 2,169 crore in the corresponding period a year ago, the bank said in a regulatory filing. The interest income of the bank grew to Rs 2,185 crore during the period under review, from Rs 1,768 crore in the corresponding quarter a year ago. On the asset quality side, the bank's gross non-performing assets (NPAs) moderated to 1.40 per cent of gross advances as of March 2024, from 2.27 per cent at the end of March 2023. Net NPAs also declined to 0.40 per cent of the advances, from 0.74 per cent at the end of 2023. However, provision and contingencies remained flat at Rs 293 crore. For the financial year ended March 2024, the bank's net profit increased 45 per cent to Rs 1,605 c
South Indian Bank, Karur Vysya Bank post double digit growth in deposits
The deposits of South Indian Bank grew by 11.21% year-on-year (Y-o-Y) to Rs 1,01,929 crore from Rs 91,651 cr. Meanwhile, the deposits of Karur Vysya Bank rose by 16.28% Y-o-Y to Rs 89,113 cr
Karur Vysya Bank Q3 results: Net profit rises 43% to Rs 412 crore
The bank's total income from operations saw a 24 per cent increase to Rs 2,497 crore for the quarter ending in December 2023, compared with Rs 2,013 crore in the same period a year ago
Karur Vysya Bank biz grows at 14.74% to stand at Rs 1.58 trn for Q3FY24
The lender announced that ICICI Prudential Asset Management Company Limited (ICICI AMC) received approval from the Reserve Bank of India (RBI) to increase its stake
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Stocks to Watch on Monday, January 1, 2024: The RBI has allowed ICICI Prudential Asset Management Company to acquire aggregate holding of up to 9.95 per cent in Karur Vysya Bank
Karur Vysya Bank surges 7% post record Q2 profit; stock hits 6-year high
The bank reported its highest-ever quarterly profit of Rs 378 crore for the quarter ended September 2023, up 51 per cent from a year ago period.
Karur Vysya Bank net profit surges 51% to Rs 378 cr in quarter ending Sept
Total advances were Rs 70,448 crore, marking a 15.32 per cent growth from Rs 61,086 crore in the previous year
RBI allows HDFC AMC's stake acquisition in DCB Bank, Karur Vysya, 2 others
Federal Bank, Karur Vysya have to ensure that acquisition does not exceed 9.5% of their paid-up share capital
