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Thursday, October 15, 2015

Karur Vysya Bank net surges 57% to Rs. 142 cr in Q2

Karur Vysya Bank today posted a 57.14 per cent jump in net profit at Rs. 142.22 crore for the second quarter ended September 30.

The bank had recorded a net profit of Rs. 90.50 crore in the corresponding quarter last fiscal, Karur Vysya Bank said in a regulatory filing.

The total income of the lender also increased to Rs. 1,570.27 crore during the quarter from Rs. 1,494.86 crore over the corresponding period of 2014—15 fiscal.

During the quarter, the gross non—performing assets (NPAs) rose to 1.96 per cent from 1.36 per cent at the end of second quarter of 2014—15.

Net NPA of the bank also increased to 0.96 per cent from 0.59 per cent of the total assets.

The shares of the bank were trading in the afternoon at Rs. 430 down 3.78% on the BSE.

Source : Thehindubusinessline


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