Business Standard

Karur Vysya Bank Q1 profit down 17%

Bank posted net profit of Rs 145.95 crore in the corresponding period of 2012-13

<a href="http://www.shutterstock.com/pic-26356168/stock-photo-stock-market-crash-chart-raster-version.html?src=ToGmiM_JIPKrZ0JrXZWWzQ-2-65" target="_blank">Market Crash</a> image via Shutterstock

Press Trust of India New Delhi
Private sector lender Karur Vysya Bank today said its net profit in the first quarter of the current financial year fell by 17.6% to Rs 120.30 crore.

The bank had posted net profit of Rs 145.95 crore in the corresponding period (April-June) of 2012-13.

Total income rose to Rs 1,429.46 crore during the period under review from Rs 1,109.81 crore a year-ago, the bank said in a filing to the BSE.

Net non-performing assets (NPAs) or bad loans increased to 0.5% from 0.38% during the first quarter of FY13.

Gross NPAs, however, decreased slightly to 1.51% from 1.53% a year earlier.
 

Shares of the bank at Rs 345  apiece on the BSE, down 5.41% from the previous close.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 06 2013 | 5:28 PM IST

Explore News