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The bank’s pre-provision operating profit stood 36% higher at ₹1096 crore, against ₹805 crore earlier, backed by a 32% rise in net interest income at ₹1423 crore.
Its net interest margin for the quarter stood at 4.34% as compared with 3.86% in the year-ago period. Its gross non-performing assets rose to 0.74% at the end of June from 0.66% a year prior.
Net NPA stood unchanged at 0.19%. Total advances registered a 17% year-on-year growth to ₹1.05 lakh crore while total deposits rose 15% to ₹1.23 lakh crore.
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https://economictimes.indiatimes.com/markets/stocks/earnings/karur-vysya-bank-net-profit-surges-45-to-756-crore-in-q1-asset-quality-sees-slight-slip/articleshow/132526306.cms
