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- Important
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Karur Vysya Bank has announced a board meeting approving the financial results for the quarter and half-year. Net profit stood at Rs. 160.48 Cr, down from Rs. 194.16 Cr last year. Gross NPA improved to 1.40% with a strong provision coverage of 96.81%. Advances rose to Rs. 68,117.68 Cr and total deposits climbed to Rs. 1.19 Lakh Cr, showing solid growth. EPS came in at Rs. 18.17. The board proposed a 130% dividend (Rs. 2.60 per share), higher than last year, awaiting shareholder approval.