Athi krishna chettiar English news | Athi krishna chettiar, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

Karur (Tamil Nadu) [India], May 15 : Karur Vysya Bank on Monday posted a 58.3 per cent jump in its net profit to Rs 338 crore for the quarter ended March 31, 2023, against Rs 214 crore in the year-ago period.The firm said its net interest income (NII) went up 25.7 per cent to Rs 892.6 during the March quarter, against Rs 710 crore in the corresponding quarter the previous year.Sequentially, gross non-performing assets surged to 2.27 per cent in the quarter under review from 2.70 per cent.According to a statement from the company, sequentially, its net non-performing asset (NPA) was at 0.74 per cent, against 0.90 per cent in the previous quarter.The board of directors of Karur Vysya Bank has recommended a dividend of Rs 2 per equity share of face value Rs 2 (i.e., 100 per cent) for the financial year 2022-2023, subject to the approval of the shareholders.Gross non-performing assets (GNPA) declined to 2.27 per cent in the fourth quarter as compared to 2.70 per cent in Q4FY22.Net NPA dipped to 0.74 per cent in Q4FY23 as against 0.90 per cent in Q4FY22. The company's share price was trading 1.27 per cent up at Rs 97.57 on BSE.The Karur Vysya Bank Limited, popularly known as KVB, was set up on 25 July 1916 by M A Venkatarama Chettiar and Athi Krishna Chettiar to capitalise on the previously unexploited market of traders and agriculturists in and around Karur, a town in Tamil Nadu.The bank later expanded out of Karur in search of additional business opportunities and established a presence across India.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

USA-Israel Attack

Assembly Elections 2026

IPL 2026

Stock Market News

Maharashtra News

Mumbai Local

Athi Krishna ChettiarFOLLOW

Athi krishna chettiar, Latest News

Business :Karur Vysya Bank net profit jumps 58.3 pc to Rs 338 crore

Karur (Tamil Nadu) [India], May 15 : Karur Vysya Bank on Monday posted a 58.3 per cent jump in ... ...