Karur Vysya Bank has reported results for first quarter ended June 30, 2020.
The bank has reported 44.68% rise in its net profit of Rs 105.50 crore for the quarter under review as against Rs 72.92 crore for the same quarter in the previous year. However, total income of the bank decreased 3.92% at Rs 1693.23 crore for Q1FY21 as compared Rs 1762.37 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 8.34%, as compared to 9.17% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.44% in Q1FY21.
