Karur Vysya Bank, the private sector lender, today reported a 34.20% jump in net profit at Rs 1.53 billion for the second quarter ended Dec. 31, 2015 from Rs 1.14 billion in the same period last year.

Total income of the bank increased 0.88% to Rs 15.25 billion during the quarter from Rs 15.11 billion in the corresponding period last year.

The bank has made provision of Rs 927.4 million, which was lower by 12.63% from prior year period to Rs 1061.5 million.

During the quarter, the gross non-performing assets (NPAs) rose to 1.91% end of third quarter of FY15. Similarly, the net NPAs rose to 0.96% from 0.73% in the same period last year.
 
For the quarter ended Dec. 31, 2015, the Capital Adequacy ratio under Basel-III norms was 12.9%.

Shares of the bank declined Rs 4.2, or 0.85%, to trade at Rs 488.80. The total volume of shares traded was 27,206 at the BSE (2.50 p.m., Wednesday).