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Karur Vysya Bank reports 81% rise in Q2 net profit

30 Oct 2020 Evaluate

Karur Vysya Bank has reported results for second quarter ended September 30, 2020.

The bank has reported 81.41% rise in its net profit of Rs 114.89 crore for the quarter under review as against net profit of Rs 63.33 crore for the same quarter in the previous year. However, total income of the bank decreased 8.21% at Rs 1666.26 crore for Q2FY21 as compared Rs 1815.24 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 7.93%, as compared to 8.89% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.99% in Q2FY21.

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