Karur Vysya Bank Q3 Results: Net profit jumps 20% to 496 crore

Karur Vysya Bank has reported a 20.4% year-on-year rise in net profit at Rs 496 crore for the December 2024 quarter against Rs Rs 412 crore in the year ago period.

The bank's net interest margin for the quarter was at 4.03% as compared with 4.32% in the corresponding quarter of the previous year. Net interest income rose 7.8% at Rs 1,079 crore. Operating profit was 20.6% higher at Rs 815 crore against Rs 676 crore.

<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-117400473»>

«We have maintained a strong trajectory of growth in RAM (retail, agriculture, and MSME) verticals, continuing the solid start we made at the beginning of the year. I am confident that the same will be maintained going forward,» managing director Ramesh Babu B said.

<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-117400473»> <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-117400473»>

The bank's loan book grew 14% year-on-year to Rs 82,838 crore at the end of December while total deposits at Rs 99,155 crore registered a 15.75% rise.

(You can now subscribe to our ETMarkets WhatsApp channel)
Read more on economictimes.indiatimes.com