 "stock market, fall, divestment, company, firm")
Shares of private sector lender Karur Vysya Bank on Thursday tumbled 20 per cent to hit its lower circuit limit of Rs 63.40 apiece on BSE. The company on Tuesday posted a 70 per cent decline in its net profit at Rs 21.20 crore for October-December quarter of FY19 as bad loans spiked.
The private sector lender had clocked a profit of Rs 71.49 crore in the year-ago period.
Gross NPAs spiked to 8.49 per cent of gross advances as at December-end 2018 from 5.94 per cent by December 2017. Net NPAs too rose to 4.99 per cent (Rs 2,295.60
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