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Karur Vysya Bank Q2 net profit moves up by 81.41 pc to Rs 114.89 cr Karur Vysya Bank
Image: Wikimedia Commons

Karur Vysya Bank Q2 net profit moves up by 81.41 pc to Rs 114.89 cr

India Blooms News Service | @indiablooms | 30 Oct 2020, 05:11 pm

Mumbai/UNI: Private sector lender Karur Vysya Bank has reported a rise of 81.41 pc in its net profit for the quarter ended September 30, 2020 at Rs.114.89 crores as against net profit of Rs 63.33 crores for the quarter ended September 30, 2019.

However, total income for the quarter under review decline by 8.21 pc to Rs 1666.26 crores as compared with Rs 1815.24 crores for the quarter ended September 30, 2019.

Banks net interest income rose by 0.9 per cent to Rs 601.5 crore during the September quarter from Rs 596.3 crore, during the same period last year.

Gross NPA of the bank dropped to Rs 3,998.43 crore from Rs 4,391.03 crore. In terms of percentage it dropped to 7.93 per cent from 8.89 per cent.

Net NPA dropped to Rs 1,428.20 crore from Rs 2,118.35 crore. In terms of percentage it dropped to 2.99 per cent from 4.50 per cent.