Karur Vysya Bank’s deposits rise 7% in Q3FY22

Karur Vysya Bank’s deposits grew 7.70% to Rs 66,871 crore as of December 31, 2021 (Q3FY22), as compared to Rs 62,089 crore on a yearly basis. Advance stood at Rs 55,793 crore as of December 31, 2021, posting a 7.06% rise in year-on-year (YoY) terms against Rs 52,113 crore as of December 31, 2020. The CASA was up 12.22% to Rs 24,128 crore against Rs 21,500 crore YoY.

Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.

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