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The announcement was made during market hours today.
Karur Vysya Bank is a private sector bank headquartered in Karur, Tamil Nadu. It has a network of 789 branches, primarily in south India, and 2,237 ATMs and cash recyclers as on June 30, 2022.It provides both commercial and consumer banking services.
Net profit in Q1 FY23 grew by 110% to Rs 229 crore from Rs 109 crore recorded during Q1 of previous year. Net interest income for the quarter improved by approximately 17% to Rs 746 crore for the current quarter vis-à-vis Rs 638 crore for Q1 of previous year.
The scrip shed 0.07% to currently trade at Rs 67.70 on the BSE.
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