Karur Vysya Bank has posted about 35% growth in deposits, advances and the overall business. K Venkataraman, managing director and chief executive officer of the bank spoke to CNBC-TV18 about the prospects going ahead and gave an insight into the third quarter numbers.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: Take us through the highlights of this quarter what have you done in terms of NIMs because we understand that the profitability and the NII of the company was up over 10% on a year on year basis?A: The profit after tax for the quarter has gone up by 18% that is for nine months period year-on-year from Rs 300 crore to Rs 355 crore, and net interest income has also gone up around 18.76%. The overall business has increased to Rs 52,000 crore, a rise of about 35%. The deposits grew from Rs 22,000 crore to Rs 30,000 crore, again around 35% year-on-year, and advances grew from Rs 16,500 crore to Rs 22,283 crore, about 35% yet again. The gross NPA declined from 1.54 to 1.48% year on year. The net NPA is 0.29% with a coverage at 80%. Q: I didn
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