Karur Vysya Bank Q1 net at Rs 148 crore

The total income grew 4.72% to Rs 1,620.38 crore

Karur Vysya Bank has posted a net profit of Rs 147.97 crore for the quarter ended June 30, 2017, a marginal increase compared to Rs 146.35 crore during the same quarter of previous fiscal.

The total income grew 4.72 per cent to Rs 1,620.38 crore as compared to Rs 1,547.31 crore during the corresponding quarter of last year.

The bank said that the operating profit has shown growth of 29.81 per cent and rises to Rs 449.41 crore for the first quarter of the current fiscal as against Rs 346.21 crore in the same period of last year.

Gross Non Performing Assets (NPA) grew to Rs 1,807.01 crore, around 4.27 per cent of the gross advances during the quarter compared to Rs 702.35 crore (1.79 per cent) during the same quarter previous year. Net NPA stood at Rs 1,189.16 crore (2.85 per cent) from Rs 306.17 crore (0.79 per cent) during the corresponding quarter of previous year.