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Karur Vysya Bank net profit up 28% to ₹459 cr
The Morning Standard
|July 19, 2024
TAMIL NADU-based old generation, mid-sized private sector lender Karur Vysya Bank has reported a 28% year-on-year growth in net income at ₹459 crore for the June quarter, driven by rise in fee and interest income coupled with improved asset quality.
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On the back of an over 16% incremental loan sales, net interest income rose 14.27% to ₹1,025 crore in the reporting quarter, tje Tamil Nadu based bank said in a statement. Gross non-performing assets (GNPA) improved by 67 bps to 1.32% or 1,025 crore from 1.99% in June 2023 or at
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