/ Karur Vysya Bank reports 69% fall in Q1 net profit ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 25 July 2018

Karur Vysya Bank has reported results for first quarter ended June 30, 2018.The Bank has reported 68.97% fall in its net profit at Rs 45.91 crore for the quarter under review as compared to Rs 147.97 crore for the same quarter in the previous year. However, total income of the Bank increased by 4.75% at Rs 1,697.40 crore for Q1FY19 as compared Rs 1,620.38 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 7.44%, as compared to 4.27% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 4.50% in Q1FY19.

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