Karur Vysya Bank, an Erode-based bank, has posted an increase of 12.87 per cent in its net profit at Rs 102.60 crore for the quarter ended September compared with Rs 90.9 crore in the previous corresponding quarter.
The bank's total income during the quarter 22.03 per cent to Rs 596.51 crore against Rs 488.82 crore in the same period last year.
On the operating expenses front, bank's expenses grew 34.36 per cent to Rs 107.26 crore in the September quarter against Rs 79.83 crore last year. The earning per share stood at Rs 13.46 compared with Rs 16.85 last year in the corresponding quarter.
On the Bombay Stock Exchange, shares of Karur Vysya were trading weak at Rs 555.60, down 1.3 per cent at 12:03 pm.