Karur Vysya Bank increases marginally in Q4

Karur Vysya Bank net profit during the fourth quarter rose by 0.12 per cent to Rs 138 crore from Rs 137.84 crore.

Net interest income increased by 18.94 per cent from Rs 397.38 crore to Rs 472.65 crore during the fourth quarter of FY16.

Gross NPA declined from 1.85 per cent to 1.30 per cent and net NPA declined from 0.78 per cent to 0.55 per cent during the current year.

The provision coverage ratio stood at 82.46 per cent.

Capital adequacy of the Bank as per Basel-III stood at 12.17 per cent against the regulatory minimum level of nine per cent. As per Basel-II, it is 12.26 per cent.

Total deposits grew by 12.06 per cent from Rs 44,690 crore as at March 31, 2015 to Rs 50,079 crore as at March 31, 2016. Gross advances grew by 7.59 per cent from Rs 36,691 crore to Rs 39,476 crore.

Total income of the bank stood at Rs 6,150.22 crore for the period ended March 31, 2016 as against Rs 5,976.71 crore during the previous year, clocking a growth of 2.90 per cent.