The stock of Karur Vysya Bank has seen a tremendous weakness of 16.5%.
In fact, the outcome of the bank has been very bad, in addition to the increase in profit in addition to the increase in profits in the NPAs. In the third quarter of the current financial year on the basis of year-on-year basis, the bank’s profit has declined by 70%. The bank’s profits went down 70% from Rs 71 crore to Rs 21 crore.
Karur Vysya Bank’s net interest income has increased by 3% compared to Rs 561 crores and Rs 581 crores and other income is Rs 225 crores, 16% more than Rs 260 crores. Its net NPA ratio increased from 3.88% to 4.99% and the gross NPA ratio reached 8.49% against 5.94%. With the rise in NPA, the bank’s results were quite impressive. The provision of the bank is 23% more than Rs. 325 crores, which is Rs. 401 crores.
In the BSE, Karur Vaishya Bank’s shares fell to Rs. 63.40 at the opening level of Rs. 70.00 with a fall of Rs. 79.25 against the previous levels, which is its lowest level of 52 weeks. At around 11:11 pm, the shares of the bank are trading at Rs 66.10 with a weakness of Rs 13.15 or 16.59%.
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