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Karur Vysya Bank records 16% growth in advances in Q4FY24

02 Apr 2024 Evaluate

Karur Vysya Bank’s advances stood at Rs 74,460 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 16.04% rise in year-on-year (YoY) terms against Rs 64,168 crore as of March 31, 2023. Total deposits grew 16.28% to Rs 89,113 crore (provisional) as of March 31, 2024, as compared to Rs 76,638 crore as of March 31, 2023. 

CASA stood at Rs 27,085 crore (provisional) as of March 31, 2024, posting a 6.43% rise in year-on-year terms against Rs 25,449 crore as of March 31, 2023. Total Business stood at Rs 1,63,573 crore (provisional) as of March 31, 2024, posting a 16.17% rise in year-on-year terms against Rs 1,40,806 crore as of March 31, 2023.

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.

Peers
Company Name CMP
HDFC Bank 708.00
ICICI Bank 1379.15
Axis Bank 1247.50
Kotak Mahindra Bank 418.70
Indusind Bank 977.80
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