ALSO READKarur Vysya Bank Q4 net rises 57.6% to Rs 217.56 crore Karur Vysya Bank posts Q1 net up 1 pc at Rs 147.97 cr Karur Vysya Bank standalone net profit rises 1.11% in the June 2017 quarter Karur Vysya Bank inaugurates 730th branch at city suburb P R Seshadri is new MD & CEO of Karur Vysya Bank
The bank had registered a net profit of Rs 126.31 crore in the similar July-September quarter of previous fiscal.
Its gross non-performing assets (NPAs) hit 4.83 per cent of the gross loans as on September 30, 2017 as against 2.29 per cent till the same period of 2016.
In absolute terms, the gross NPAs were Rs 2,136.19 crore, as against Rs 902.74 crore year ago.
Net NPAs or bad loans too rose to 3.24 per cent (Rs 1,407.30 crore) of the net loans by end of September this year, from 1.44 per cent (Rs 565.14 crore) in year ago period.
The provision coverage ratio, a parameter that helps gauge a company's ability to meet its financial obligations, stood at 54.09 per cent as on September 30, 2017.
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