Karur Vysya Bank net profit surges 45% to ₹756 crore in Q1, asset quality sees slight slip

Karur Vysya Bank reported a 45% year-on-year surge in net profit to Rs 756 crore in Q1, driven by a 32% rise in net interest income to Rs 1423 crore. Pre-provision operating profit grew 36% to Rs 1096 crore, while net interest margin improved to 4.34% from 3.86% a year ago. Asset quality saw a marginal slip with gross NPAs rising to 0.74% from 0.66%, though net NPAs held steady at 0.19%; advances grew 17% to Rs 1.05 lakh crore and deposits rose 15% to Rs 1.23 lakh crore.