Karur Vysya Bank Q2 profit surges 57% to Rs 142 cr

Total income of the lender increased to Rs 1,570.27 crore during the quarter

Private sector lender Karur Vysya Bank today posted a 57.14% jump in net profit at Rs 142.22 crore for the second quarter ended September 30.

The bank had recorded a net profit of Rs 90.50 crore in the corresponding quarter last fiscal, Karur Vysya Bank said in a regulatory filing.

The total income of the lender also increased to Rs 1,570.27 crore during the quarter from Rs 1,494.86 crore over the corresponding period of 2014-15 fiscal.

During the quarter, the gross non-performing assets (NPAs) rose to 1.96% from 1.36% at the end of second quarter of 2014-15.

At the same time, net NPA of the bank also increased to 0.96% from 0.59% of the total assets.