New Delhi, Nov 14 (PTI) The scrip of Karur Vysya Bank
today fell by over 3 per cent after the company reported a 40
per cent fall in net profit for the September quarter.
The stock declined by 3.23 per cent to end at Rs 124.45
on BSE. Intra-day, it dropped 4.93 per cent to Rs 122.25.
On NSE, shares of the company slipped 3.44 per cent to
close at Rs 124.70.
Private sector Karur Vysya Bank today reported a 40 per
cent fall in net profit at Rs 75.65 crore for the September
quarter due to increased provisioning for rising bad loans.
The bank had registered a net profit of Rs 126.31 crore
in the similar July-September quarter of the previous fiscal.
Total income of the bank was at Rs 1,632.50 crore in the
July-September period of 2017-18, up from Rs 1,610.77 crore in
the same period of 2016-17, the bank said in a regulatory
Its gross non-performing assets (NPAs) hit 4.83 per cent
of the gross loans as on September 30, 2017 as against
2.29 per cent till the same period of 2016.
This is published unedited from the PTI feed.