Net interest margin stood at 3.29% and was almost flat compared to 3.33% a year ago.Karur Vysya Bank (KVB) has reported a 133% increase in its profit for the third quarter ended December 31, 2020 to Rs 35 crore from Rs 15 crore during the same period last year. Net interest margin stood at 3.29% and was almost flat compared to 3.33% a year ago.
Non-interest income for the quarter, excluding treasury profit of Rs 54 crore, was at Rs 197 crore during the latest quarter, compared with Rs 215 crore a year ago (Treasury profit during Q3 of previous year was at Rs 45 crore).
Net NPA improved by 158 bps and dropped to 2.55% as on December 31, from 4.13% a year ago. In absolute terms, it got reduced by Rs 683 crore to Rs 1,263 crore from Rs 1,946 crore as on December 31, 2019. The provision coverage ratio stood at at 77.35%.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
Source link
English
हिन्दी