Karur Vysya Bank inaugurated new branch

Psu Connect Date: 15-04-24

Chennai: Karur Vysya Bank today inaugurated a new branch in KARAMBAKKUDI, Pudukottai District, Tamil Nadu. With this the total branch network of the bank increased to 839.

Dr. M. Sathya, M.B.B.S., DDVL, Chief Medical Officer, Government Hospital, Karambakkudi has Inaugurated the branch.

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About Karur Vysya Bank:
The Bank has built its financials around three pillars – Growth, Profitability and Asset Quality. The bank’s total business was Rs. 1,58,357 crores as on 31.12.2023 with a deposit base of Rs. 85,665 cr. and advances at Rs. 72,692 cr. The bank posted net profit of Rs. 412 cr. in Q3 2023-24. Other key financial ratios include Net NPA – 0.42%, NIM – 4.32%, and PCR – 94.81% in the said quarter.

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