KARUR VYSYA BANK LTD. - 590003 - Re-Appointment of Dr.Harshavardhan R as Non-executive Independent Director of the Bank for second term
Karur Vysya Bank Ltd has informed BSE regarding "Re-Appointment of Dr.Harshavardhan R as Non-executive Independent Director of the Bank for second term".
Karur Vysya Q4 Results: Net profit jumps 58% to Rs 338 cr, lender declares Rs 2 dividend
KVB's net interest income rose to 26% to Rs 893 crore from Rs 710 crore year-on-year KARUR VYSYA BANK LTD. - 590003 - Allotment of Equity Shares under Employee Stock Option Schemes
Karur Vysya Bank Ltd has informed BSE regarding "Allotment of Equity Shares under Employee Stock Option Schemes". Q4FY23 Quarterly & FY23 Annual Result Announced for Karur Vysya Bank Ltd.
Karur Vysya Bank announced Q4FY23 & FY23 results: Q4FY23: Net profit for Q4FY23 grew by 58.7% and stood at Rs 338 crore from Rs 213 crore during Q4FY22 Operating profit for Q4FY23 has grown by 67.6% and stood at Rs 739 crore as compared to Rs 441 crore for Q4FY22 Net interest income for Q4FY23 improved by 25.8% and stood at Rs 893 crore for Q4FY23 vis-à-vis Rs 710 crore for Q4FY22 Net interest margin stands at 4.37% up 55 bps from 3.82% a year ago Cost of deposits has increased by 48 bps and stands at 4.61% as compared to 4.13% during Q4FY22 Yield on advances is at 9.55% (8.37% for Q4FY22) Non-interest income for Q4FY23 is Rs 401 crore as compared to Rs 205 crore a year ago Fee-based income has improved by Rs 20 crore at Rs 202 crore from Rs 182 crore during Q4FY22 Operating expense for Q4FY23 was Rs 555 crore as compared to Rs 474 crore during Q4FY22 Cost to income ratio stands at 42.86% (51.80% for Q4FY22) ROA at 1.50% for the quarter and 1.27% YTD ROE at 16.04% for the quarter and 13.13% YTD GNPA at 2.27%, NNPA at 0.74% FY23: Net profit for FY23 registered a robust growth of 64.3% and stood at Rs 1,106 crore from Rs 673 crore during FY22 PPOP for FY23 increased by 51.9% at Rs 2,476 crore, as compared to Rs 1,630 crore for FY22 Net interest income increased by 23.3% to Rs 3,349 crore vis-à-vis Rs 2,716 crore for FY22 Net interest margin stands at 4.18% up by 46 bps as compared to 3.72% during FY22 Cost of deposits has improved by 4 bps and stands at 4.27 % as compared to 4.31% during the FY22 Yield on advances grew to 8.93% by 37 bps as compared to 8.56% during FY22 Commission and fee-based income has improved by 17.8% on a YoY basis to Rs 747 crore from Rs 634 crore for FY22 Operating expenses for FY23 was Rs 2,032 crore as compared to Rs 1,854 crore during FY22 Capital adequacy ratio (CRAR) stood at 18.56% with CET 1 ratio of 16.79% Ramesh Babu B, Managing Director & CEO, Karur Vysya Bank, said, “As a Bank, we have traversed a phenomenal distance in an extremely challenging environment. We have transformed ourselves in line with the evolving business scenario to become more agile, more relevant and totally dedicated to the needs of our customers. We have performed consistently to deliver highest ever annual Net profit of Rs 1,106 crore for the FY 22-23. Credit Cost has improved on the back of continued strong asset quality, with GNPA and NNPA at 2.27% and 0.74% respectively. Broad based business growth coupled with core revenue profile has yielded in higher ROA, currently at 1.27% for the year and 1.50% for the quarter. Inspired by this experience, the team is hopeful of continuing its growth trajectory in the coming year also.” Result PDF KARUR VYSYA BANK LTD. - 590003 - Results Press Release for March 31, 2023
Karur Vysya Bank Ltd has informed BSE about : 1. Result Press Release for the period ended March 31, 2023 KARUR VYSYA BANK LTD. - 590003 - Investor Presentation
Karur Vysya Bank Ltd has submitted to BSE a copy of Investor Presentation on the Audited Financial Results of the Bank for the Quarter & Yera ended March 31, 2023. KARUR VYSYA BANK LTD. - 590003 - Board recommends Dividend
Karur Vysya Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on May 15, 2023, inter alia, has recommended dividend of Rs. 2.00 per equity share on the face value Rs. 2/- each (i.e., 100 %) for the financial year ended March 31, 2023, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Bank. KARUR VYSYA BANK LTD. - 590003 - Standalone Financial Results, Auditors Report for March 31, 2023
Karur Vysya Bank Ltd has informed BSE about : 1. Standalone Financial Results for the period ended March 31, 20232. Standalone Auditors Report for the period ended March 31, 20233. Standalone Cash Flow Statement for the period ended March 31, 2023 KARUR VYSYA BANK LTD. - 590003 - Credit Rating
Karur Vysya Bank Ltd has informed BSE regarding "Credit Rating". KARUR VYSYA BANK LTD. - 590003 - Appointment of Chief Risk Officer (CRO)
Karur Vysya Bank Ltd has informed BSE about "Appointment of Shri Jatla Sivaramakrishna as Chief Risk Officer (CRO) of the Bank".