Karur Vysya Bank announced Q3FY24 results: Assets: Karur Vysya Bank's total assets have reached a historical milestone, surpassing Rs 1 trillion. Business Growth: The bank's total business has increased by 14.74% YoY and by 3.15% for the quarter. Deposits Growth: Deposits have seen a rise of 12.82% YoY and 3.12% for the quarter. Loan Book Expansion: The loan book witnessed growth of 17.09% YoY and 3.19% for the quarter. CASA Ratio: Current Account Savings Account (CASA) grew by 4.70% YoY, with the ratio standing at 31.53%. Net Profit: There was a notable increase in net profit by 49.60% YoY. Net Interest Margin (NIM): The NIM improved to 4.20%, up by 9 basis points YoY. Other Income: The bank saw other incomes rise by 35.88% YoY. Return on Assets (ROA) & Return on Equity (ROE): The bank reported an ROA of 1.65% and ROE of 17.20% for the quarter. Asset Quality: Gross Non-Performing Assets (GNPA) stood at 1.58%, and Net Non-Performing Assets (NNPA) at 0.42% with a Provision Coverage Ratio (PCR) of 94.81%. Capital Adequacy: The Capital Adequacy Ratio (CRAR) was at 15.39% with CET 1 ratio of 13.87%. Mr. Ramesh Babu B, the Managing Director & CEO of Karur Vysya Bank, stated: "We have been able to continue to demonstrate our consistent performance in terms of Growth, Profitability, and Asset Quality for the third quarter ended 31st December 2023. Our total business crossed Rs 1,58,357 crore. The inclusive growth from all the business segments has helped us to reach net profit of Rs 1,149 crore for the nine months and Rs 412 crore for the quarter." Result PDF