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Karur Vysya Bank reports 24% fall in Q2 net profit

Karur Vysya Bank has reported results for second quarter ended September 30, 2019.

The Bank has reported 24.37% fall in its net profit at Rs 63.33 crore for the quarter under review as compared to Rs 83.74 crore for the same quarter in the previous year. However, total income of the bank increased by 11.19% at Rs 1815.24 crore for Q2FY20 as compared Rs 1632.50 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 8.89%, as compared to 7.70% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 4.50% in Q2FY20.

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