Indian Karur Vysya Bank net profits jumps in first half of 2002
Emerging Markets Economy, Apr 8, 2003
Indian Karur Vysya Bank's net profit for the first half of 2002 has increased to Rs 22.25 crore against Rs 19.55 crore in the same period last year. The total income of the bank for the period increased to Rs 147.37 crore compared to Rs 135.67 crore.
According to a bank press release, its operating profit was Rs 35.58 crore against Rs 33.93 crore. The bank was aiming at a deposit level of Rs 5000 crore and advance level of Rs 3000 crore by the end of 2003.
The Karur Vysya Bank Limited (KVB), is the leading, licensed Scheduled Commercial Bank in the private sector in India. The bank plans to open some branches in Mumbai and in New Delhi. (Emeconomy.com)
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