Private sector lender Karur Vysya Bank has reported a two-fold jump in its net profit at Rs 70.35 crore for the first quarter ended June 30, over the corresponding period a year earlier.
Total income of the bank also doubled to Rs 487.37 crore during the April-June quarter of the current financial year from Rs 376.39 crore in the same period a year earlier, Karur Vysya Bank said in a filing to the Bombay Stock Exchange (BSE).
During the quarter, the Tamil Nadu-based lender earned an interest of Rs 406.90 crore, up 21 per cent compared to Rs 335.17 crore in the corresponding quarter last year.
Shares of Karur Vysya Bank today closed at Rs 323.10, up 5.57 per cent from its previous close on the BSE.
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