Karur Vysya Bank Q3 net profit rises to Rs 185 crore

CHENNAI:

Karur Vysya Bank

saw its

net profit

grow to Rs 185 crore in the December-ended quarter, 2021, up from Rs 35 crore during the same period last year.


Gross non-performing assets has improved to 6.97% in December, 2021, from 7.37% in December, 2020. Net

NPA

stood unchanged at 2.55%. Provision coverage ratio stood at 78.81%, as compared to 77.35% a year ago. Basel III CRAR stands at 18.79% (with CET1 Ratio of 16.76%), up from 18.52% as on December 31, 2020. Gross advances grew by 7.1% Y-o-Y at Rs 55,793 crore.

Total business grew by 7% YoY at Rs 1.22 lakh crore and total deposits grew by 7.7% YoY at Rs 4,782 crore.

CASA

share went up to 36% from 35% a year ago. CASA deposits have grown by 12.2% on YoY basis to Rs 24,128 crore as on December 31, 2021.