RBI increased policy repo rate hike by a cumulative 250 bps since May 2022, while the weighted average lending rates on fresh and outstanding rupee loans of scheduled commercial banks have increased by 181 bps and 119 bps respectively. Karur Vysya's net interest margin for the June quarter stood at 4.13%, down 6 bps as compared to what it was in the year-ago period. The bank earned a net profit of Rs 459 crore for the first quarter of the current fiscal, reflecting a 28% year-on-year rise. Read The Rest at :
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