Karur Vysya Bank - Profit in the 1st Quarter
Posted on: 27/Jul/2016 2:31:19 PM
Karur Vysya Bank is one of the leading private sector banks earning profits over the last many years. It has announced a profit of Rs. 146.35 Crores in the first quarter of the financial year.
The bank administrators informed that new systems would be implemented to improve the profit of the bank as well as increasing the customer strength.
A brief on the press release from Karur Vysya Bank
The revenue earned by Karur Vysya Bank during the 1st quarter of the current financial year was Rs. 1547.31 Crores.
As compared to the corresponding figures for the last financial year, when the revenue was Rs. 1518.50 Crores, this is up by 2 percent.
Net Interest Revenue increased from 3.30 percent to 3,52 percent.
Net profit increased by 8.74 percent from Rs. 134.58 Crores to Rs. 146.35 Crores.
The total trading done by Karur Vysya Bank in the current financial year till end June is Rs. 90096 Crores.
Deposits increased by 11.07 percent from Rs. 45659 Crores to Rs. 50715 Crores. Loans extended increased from Rs. 37220 Crores to Rs. 39382 Crores.
