Karur Vysya Bank, the private sector lender, today reported a 57.14% jump in net profit at Rs 1,422.20 million for the second quarter ended September 30 from Rs 905 million in the same period last year.
The total income of the bank increased to Rs 15,702.70 million during the quarter from Rs 14,948.60 million in the corresponding period last year.
During the quarter, the gross non-performing assets (NPAs) rose to 1.96% from 1.36% at the end of second quarter of FY15.
Similarly, the net NPAs rose to 0.96% from 0.59% in the same period last year.
For the quarter ended September 2015, the Capital Adequacy ratio under Basel-III norms was 13%.
Shares of the company declined Rs 18.7, or 4.18%, to trade at Rs 428.20. The total volume of shares traded was 665,284 at the BSE (3.13 p.m., Thursday).