Karur Vysya Bank reports 14.73% YoY growth in total business, deposits up 15.37% as of September 2024

Karur Vysya Bank has announced provisional figures for its financial performance as of September 30, 2024, showcasing significant year-on-year growth. The bank’s total business increased by 14.73%, reaching ₹1,76,135 crore, compared to ₹1,53,516 crore in the previous year.

Key highlights include:

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  • Total Deposits: ₹95,839 crore, up 15.37% from ₹83,068 crore.
  • Advances: ₹80,296 crore, reflecting a 13.98% growth from ₹70,448 crore.
  • CASA (Current and Savings Accounts): Increased by 5.37%, from ₹26,794 crore to ₹28,232 crore.

These provisional numbers are subject to a limited review by the bank’s statutory auditors. Karur Vysya Bank continues to demonstrate robust growth across its key financial metrics.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice.