Karur Vysya Bank Q3 Net down 5.5 per cent at Rs 106.82 crore

Written by PTI | Chennai | Updated: Jan 30 2014, 01:03am hrs
BankKarur Vysya Bank had reported net profits at Rs 113.04 cr during the corresponding period of previous year. PTI
Tamil Nadu-based Karur Vysya Bank today reported 5.5 per cent dip in net profit at Rs 106.82 crore for the third quarter ended December 31.

The bank had reported net profits at Rs 113.04 crore during the corresponding period of previous year, Karur Vysya Bank said in a BSE filing.

For the nine month period ended December 31, net profit declined by 20.8 per cent to Rs 310.01 crore from Rs 391.74 crore registered during the same period of previous year.

Total income for the third quarter ending December 31, rose to Rs 1,403.61 crore from Rs 1,177.59 crore registered during the same period of previous year.

For the nine month period ending December 31, 2013 the total income grew to Rs 4,211.96 Crore from Rs 3,411.04 Crore.

The gross NPA of the bank for the quarter ending December stood at 1.47 per cent as against 1.29 per cent.

Net NPA of the bank stood at 0.48 per cent for the third quarter ending December as against 0.38 per cent.

Shares of the bank today closed marginally higher at Rs 333.95 apiece on the BSE Sensex