Karur Vysya Bank has reported results for second quarter ended September 30, 2012.
The bank’s net profit for the quarter ended September 30, 2012 jumped by 17.16% at Rs 132.75 crore as compared to Rs 113.31 crore for the same quarter in the previous year. The interest earned of the bank has increased by 34.53% at Rs 1038.65 crore for quarter under review as compared to Rs 772.05 crore for the quarter ended September 30, 2011.
Gross non-performing assets (NPAs) of the bank decreased to 1.26% for the quarter as against 1.53% in the previous quarter and 1.48% in September quarter of the previous fiscal. Additionally, Net non-performing assets (NPAs) of the bank were at 0.32%, lower than 0.38% in the similar quarter of the previous year and also 1.49% in the similar quarter of the previous year.
Karur Vysya Bank is among 6 old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
