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

Karur Vysya Bank reported a 45 percent surge in Q1 net profit to Rs 756 crore, supported by a 32 percent rise in net interest income at Rs 1,423 crore and a 47 basis point expansion in net interest margin to 4.34 percent. Pre-provision operating profit grew 36 percent to Rs 1,096 crore, while total advances rose 17 percent year-on-year to Rs 1.05 lakh crore. Asset quality saw a marginal dip with gross NPAs rising to 0.74 percent from 0.66 percent, though net NPAs remained unchanged at 0.19 percent.