1. Karur Vysya Bank Q2 profit surges 57 per cent to Rs 142 cr

Karur Vysya Bank Q2 profit surges 57 per cent to Rs 142 cr

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.

By: | Mumbai | Published: October 15, 2015 1:58 PM
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. (Photo: PTI)

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. (Photo: PTI)

Private sector lender Karur Vysya Bank on Thursday 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.

At the same time, net NPA of the bank also increased to 0.96 per cent from 0.59 per cent of the total assets.

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