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Karur Vysya Bank has reported 28% surge in net profit at Rs 458.65 crore for the quarter ended June 2024 (Q1FY2025). The bank has posted healthy 14% growth in net interest income (NII), while the core fee income of the bank also improved 19% in Q1FY2025. The Net Interest Margin (NIM) of the bank has eased marginally to 4.13% in Q1FY2025 compared to 4.19% in the corresponding quarter of previous year.
On business front, the bank as has posted 15% growth in business with healthy 16% surge in loan book. The asset quality of the bank was stable in Q1FY2025. Bank has witnessed rise in the
credit to deposit ratio to 84.1% at end June 2024 from 83.0% at end June 2023. The CASA ratio of the bank has declined to 30.4% at end June 2024 from 32.9% at end June 2023.
Asset quality improves: The bank has continued
to improve asset quality in Q1FY2025.
The fresh slippages of
loans stood at Rs 174 crore in Q1FY2025 compared...
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