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Karur Vysya Bank Q1 profit up 1.1% to Rs147.97 crore

Karur Vysya Bank Q1 profit up 1.1%   to Rs147.97 crore
Private sector Karur Vysya Bank on Friday posted a 1.10 per cent rise in net profit at Rs 147.97 crore for the quarter ended June 30.
The Tamil Nadu-based bank's net profit stood at Rs 146.35 crore during the corresponding quarter last fiscal.
Its total income for the April-June quarter went up to Rs 1,620.38 crore from Rs 1,547.31 crore registered in the year- ago period.
Its provisioning and contingencies grew sharply to Rs 233.44 crore in the quarter under review from Rs 130.11 crore a year ago.
As on June 30, 2017, Karur Vysya Bank's gross non- performing assets (NPA) stood at 4.27 per cent, up from 1.79 per cent in the corresponding period a year ago.
Its net NPA also increased to 2.85 per cent from 0.79 per cent earlier.
PTI

PTI

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