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

filing.

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.