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Coimbatore Jan. 24 Karur Vysya Bank's operating profit for the third quarter rose by 36.9 per cent to Rs 61.51 crore from Rs 44.93 crore during the corresponding period of the earlier fiscal. Its net profit increased marginally to Rs 26.19 crore (Rs 25.86 crore) during this period.

Its interest income registered a 37.55 per cent growth to reach Rs 225.28 crore (Rs 163.78 crore) while the interest on advances grew by 39.75 per cent to Rs 163.37 crore (Rs 116.90 crore). Investment income was up by 26.53 per cent to Rs 57.43 crore (Rs 45.39 crore).

Announcing the results after the formal approval of the board, the bank's Chairman, Mr P.T. Kuppuswamy, said the operating profit during the first nine months of the current fiscal increased to Rs 194.76 crore ( Rs 142.84 crore).

The net profit (after providing for non performing assets, standard assets and depreciation on investments) rose by 18 per cent to Rs 107.13 crore (Rs 90.98 crore).

The net NPA as a percentage of net advances fell to 0.39 per cent against 1.05 per cent a year ago. The NPA provision coverage ratio improved to 87.08 per cent (75.66 per cent).

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Karur Vysya Bank net up at Rs 26 cr

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