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Karur Vysya Bank Q1 net doubles to Rs 229 cr, interest income up 17%

Operating profit for up 15% YoY, major improvement seen in bad loans

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The bank’s gross NPA declined to 5.21 per cent (Rs 3,107 crore) from 7.97 per cent (Rs 4,167 crore) a year ago. Its net NPA was 1.91 per cent (Rs 1,098 crore) in Q1FY23 as against 3.69 per cent in Q1FY22 (Rs 1,845 crore).

BS Reporter Chennai

2 min read Last Updated : Jul 25 2022 | 11:46 PM IST

Tamil Nadu-based Karur Vysya Bank has posted a 110 per cent rise in net profit during the first quarter of the financial year ended in June 2022 to Rs 229 crore, from Rs 109 crore during the April-June period of 2021-22.

Operating profit for the quarter stood at Rs 475 crore, up 15 per cent from Rs 412 crore during Q1 of the previous financial year. Net interest income was up 17 per cent to Rs 746 crore from Rs 638 crore a year ago.

The bank’s gross NPA declined to 5.21 per cent (Rs 3,107 crore) from 7.97 per

Topics : Karur Vysya Bank Q1 results Tamil Nadu NPA Banks interest rate Bad loans financial year Credit Interest rate hike

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