Home Business News Karur Vysya Bank Q2 profit jumped 44%

Karur Vysya Bank Q2 profit jumped 44%

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Karur Vysya Bank also said the interest rate for the second quarter ended September 30, rising 43.5% to ₹ 165.45 crore since last year on repayment of loans to retail and business units. Total interest rates rose 13.1% to ₹ 680 crore, interest rates reached 3.75%, and interest rates (excluding capital gains) rose to ₹ 144 crore from ₹ 119 crore, the business lender said.

Gross NPA decreased by 55 bps to 7.38% (₹ 3,972 crore) and the total NPA rose to 5 1,538 crore from ₹ 1,428 crore. Provision Coverage Ratio stands at 76.28% (75.19%).

Total business increased 7% to 19 1,19,260 crore. Improving debt repayment in retail and business sectors as well as value-added loans, with the help of digital adjustment and debt repayment through various means, contributes to debt growth, the bank said.



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