The bank had registered a net profit of Rs126.31 crore in the similar July-September quarter of previous fiscal. Photo: MintNew Delhi: Private sector Karur Vysya Bank today reported a 40% fall in net profit at Rs75.65 crore for the quarter ending September due to increased provisioning for rising bad loans. The bank had registered a net profit of Rs126.31 crore in the similar July-September quarter of previous fiscal. In absolute terms, the gross NPAs were Rs2,136.19 crore, as against Rs902.74 crore year ago. Net NPAs or bad loans too rose to 3.24% (Rs1,407.30 crore) of the net loans by end of September this year, from 1.44% (Rs565.14 crore) in year ago period.

Source: Mint November 14, 2017 12:00 UTC