Karur Vysya Bank declares Q3FY22 result: Total business crossed Rs 1,22,000 crore Overall advances grew by 7% y-o-y and stood at Rs 55,793 crore Total deposits grew by 8%; stood at Rs. 66,871crore CASA share at 36%; Savings deposit grew by 13% Net profit stood at Rs 185 crore - highest in last 18 quarters Net interest income at Rs 686 crore •Operating profit at Rs 401 crore NIM - 3.68% Sustained Earnings Net slippages during the period is Negative GNPA stood at 6.97% and NNPA at 2.55% PCR 78.81% market PCR at 63.45% Improving Asset Quality CRAR was at 18.79% (Tier I - 16.76% and Tier II - 2.03%) Total risk weighted assets is Rs 40,074 Crore Capital at Rs 7,531 crore Strong Capital Base Authorised to undertake Government Business – online payment of custom duty live on ICEGATE New Products launched tailored to meet Government Business requirements New Initiatives MEITY DIGIDHAN Award of Excellence from Government of India. Best Internet Banking Solutions Award from Capital Finance International, United Kingdom. Result PDF
Highlights: Total business crossed Rs. 1,19,000 crore Overall advances grew by 7% YoY and stood at Rs. 53,850 crore Total deposits grew by 7%; at stood Rs.65,410 crore CASA share at 35%; Saving deposit grew by 14% Net profit stood at Rs. 165 crore grew by 43%; highest in last 17 quarters Net interest income at Rs. 680 crore Operating profit at Rs. 374 crore ; NIM (Q2) – 3.74% Net slippages during the period is Negative GNPA stood at 7.38% and NNPA at 2.99% PCR 76.28% market PCR at 59.84% CRAR was at 18.82%; where tier I 16.79% and tier II at 2.03%; Total risk weighted assets is Rs. 39,782 Crore Capital at Rs. 7,488 Crore CRAR Retail credit card soft launched Mandate to collect Direct and Indirect Taxes Result PDF