Shares of the Karur Vysya Bank traded at Rs109.10 apiece on BSE, up 0.51% from previous close. Photo: MintNew Delhi: Karur Vysya Bank’s net profit declined by over 38% to Rs71.49 crore for the quarter ending December due to a rise provisions for bad loans. The private sector lender had registered a net profit of Rs115.76 crore in the corresponding October-December period of previous fiscal 2016-17. Its gross bad loans spiked to 5.94% of the gross loans at the end of December 2017, as against 2.66% in the year ago period. Shares of the bank traded at Rs109.10 apiece on BSE, up 0.51% from previous close.

Source: Mint January 31, 2018 10:52 UTC