NEWS & ADVICE : CAR LOANS
Karur Vysya Bank posts 49% rise in profits
By Vaibhav Aggarwal
Jan 31, 2011
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Private sector lender, Karur Vysya Bank has booked 49% rise in net profits for the third quarter of this fiscal amounting to Rs 113.22 crore as compared to Rs 75.87 crore for the same period in the fiscal prior to this.

The net interest income of the lender has grown by 39.36%.

Thre has been a 0.27% rise in net interest margin (NIM) for Q3 taking it to 3.66%. While deposits increased by 24% to Rs 22,263 crore, loan book saw a 31% rise amounting to Rs 16,514 crore.

The capital adequacy ratio (CAR) of the bank figured out to be 12.13% while net NPAs amounted to 0.19%.


 


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