Karur Vysya Bank announced Q2FY24 results: Total Business up by 14.15% YoY and 3.96% QoQ. Deposits up by 13.17% YoY and 2.92% QoQ. Loan Book grew at 15.33% YoY and 5.21% QoQ. CASA is up by 3.40% YoY, CASA ratio stood at 32.26%. Net Profit up by 53.86% YoY. NIM at 4.13%, up by 15 bps YoY. Other Income is up by 52.38% YoY. ROA at 1.57% for the quarter ROE at 16.50% for the quarter. GNPA at 1.73%, NNPA at 0.47%. PCR at 94.49%. Capital adequacy ratio (CRAR) stood at 16.84% with a CET 1 ratio of 15.19%. Ramesh Babu B, Managing Director & CEO, The Karur Vysya Bank said, "I am pleased to mention that our Bank had crossed the historical milestone of total business of Rs 1.5 trillion during the last quarter reached a level of Rs 1,53,516 crore. You would appreciate that we had crossed Rs 1.25 trillion in Mar 2022 and the next Rs 0.25 trillion has been crossed within a short span of 18 months. We have delivered yet another quarter of strong top-line and bottom-line performance with the highest ever quarterly net profit with consistent performance in terms of Growth, Profitability, and Asset Quality for the first half year ended September 30, 2023. It is a strong and consistent performance reaching significant milestones and building a solid foundation for the future. We have been constantly raising the bar on strengthening our digital capabilities and building on our robust pipeline of products and services while keeping customer centricity at the core of every initiative." Result PDF