Karur Vysya Bank (KVB) has posted a 17.2% jump in net profit to R132.75 crore for the second quarter against R113.31 crore it recorded in the same quarter in the last financial year. The total income of the bank stood at R1123.64 crore compared with R846.76 crore. Net NPAs was at R80.17 crore compared with R58.23 crore, an increase of 37.68%.
State Bank of Mysore net up 87%
State Bank of Mysore reported a net profit of R145.35 crore, up 86.8% year-on-year during the three months ended September 30, on Wednesday. Net interest income (NII) for the bank rose by 19% during the quarter to R472.17 crore, the bank said. Gross non-performing assets (NPAs) during the quarter jumped to R1,780 crore, up 33% from a year ago. As a ratio of total assets, gross NPAs stood at 4.33%, as against 3.72% during the corresponding quarter last year. Net NPAs rose 20% to Rs 767 crore during the three month period, while as a ratio of total assets they stood at 1.92% during the three month period, up 10 basis points as compared with the same period in the previous year.
J&K Bank net rises 35%
Jammu and Kashmir Bank reported a net profit of Rs 270 crore, up 35% year on year during the three months ended September 30, on Wednesday. Net interest income (NII) for the bank rose by 27% during the quarter to R553 crore, the bank said. Gross non-performing assets in the quarter fell to
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