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Karur Vysya Bank net profit up 52% at Rs 250 cr in Q2, deposits grow

NPA declines to Rs 2,457 crore, compared to Rs 3,972 crore a year ago

Karur Vysya Bank
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Total deposits grew by Rs 8,204 crore (13 per cent) to Rs. 73,614 crore during the current quarter, up from Rs 65,410 crore.

BS Reporter Chennai
Tamil Nadu-based Karur Vysya Bank on Thursday reported a 52 per cent rise in net profit of Rs 250 crore for the second quarter of this financial year, compared to Rs 165 crore in the same period in FY22.

The operating profit for the quarter was Rs 572 crore as compared to Rs 375 crore during the Q2 of the previous financial year. Its net interest income for the quarter was also seen up by 21 per cent to Rs 821 crore for the current quarter as against Rs 680 crore for Q2 of previous year.

On September 30 this