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Old February 27th, 2017, 09:58 AM
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Join Date: May 2011
Default Re: Karur Vysya Bank Growth

The total business of the Karur Vysya Bank Ltd. crossed Rs. 89555 cr as on 31st March 2016, registering an absolute growth of Rs. 8174 cr at a growth rate of 10.04%, over March 2015 level of Rs. 81381 cr. Aggregate business was driven by 12.06% growth in gross deposits and 7.59% growth in gross advances.

The Bank has been able to achieve significant growth in all areas of operation.

Performance highlights for FY 16 in the key areas of its operation are as under:

31.03.2016 31.03.2015
Particulars (Rs. in Cr) (Rs. in Cr)
Deposits 50078.90 44690.27
Advances 39475.70 36690.77
Investments 13281.40 12435.18
Total Income 6150.21 5976.72
Total Expenditure 4914.79 5033.43
Operating Profit 1235.42 943.29
Net Profit 567.63 464.28

Deposits

Total deposits increased by 12.06% from Rs. 44690.27 cr in FY15 to Rs. 50078.90 cr in FY 16.

Savings bank deposits registered a good growth of 21.12%, an increase from Rs. 6314 cr to Rs. 7648 cr and demand deposits grew 14.14% from Rs. 3528 cr to Rs. 4027 cr. CASA deposits recorded a growth rate of 18.62% to reach Rs.11675 cr from Rs. 9842 cr. Term deposits grew by 10.20% from Rs. 34848 cr to Rs. 38404 cr.

Advances

Aggregate advances grew from Rs. 36690.77 cr as on 31st March 2015 to Rs. 39475.70 cr as on 31st March, 2016, an increase of 7.59%.

Customer service: 1860 200 1916
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