Karur Vysya net drops 53% to Rs 20.72 cr

BS 200 SCORECARD

The Tamil Nadu-based Karur Vysya Bank reported a 53.4 per cent decline in net profit to Rs 20.72 crore for the quarter ending December 31, 2004 compared with Rs 44.54 crore for the same period last year.

The bank's operating profits also registered a fall of 33.80 per cent to Rs 28.96 crore for the third quarter in 2004-05 from Rs 38.75 crore for the corresponding period last year.

Total income increased by 7.10 per cent to Rs 168.22 crore for the third quarter in 2004-05 compared with Rs 157.06 crore for the same period last year.