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Karur Vysya Bank reports 51% rise in Q2 net profit

16 Oct 2023 Evaluate

Karur Vysya Bank has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The Bank has reported 51.24% rise in its net profit at Rs 378.45 crore for the quarter under review as compared to Rs 250.23 crore for the same quarter in the previous year. Total income of the Bank increased by 28.28% at Rs 2335.97 crore for Q2FY24 as compared Rs 1821.05 crore for the corresponding quarter previous year.

Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.


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