{"id":1183,"date":"2019-11-03T04:30:17","date_gmt":"2019-11-03T04:30:17","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/11\/03\/karur-vysya-bank-net-profit-down-by-24-to-rs-63-crore-in-q2\/"},"modified":"2019-11-03T04:30:17","modified_gmt":"2019-11-03T04:30:17","slug":"karur-vysya-bank-net-profit-down-by-24-to-rs-63-crore-in-q2","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/11\/03\/karur-vysya-bank-net-profit-down-by-24-to-rs-63-crore-in-q2\/","title":{"rendered":"Karur Vysya Bank net profit down by 24% to Rs 63 crore in Q2"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1752361 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/11\/tonka.jpg\" alt=\"Karur Vysya Bank , banking sector\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/tonka.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/tonka-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/tonka-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/tonka-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1752361 size-full\" src=\"https:\/\/images.financialexpress.com\/2019\/11\/tonka.jpg\" alt=\"Karur Vysya Bank , banking sector\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/tonka.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/tonka-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/tonka-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/tonka-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Total advances grew by Rs 1,247 crore from Rs 48,141 crore to Rs 49,388 crore.<\/span><\/figure>\n<\/div>\n<p>Karur Vysya Bank (KVB) has reported a net profit of Rs 63.33 crore for the September quarter of FY20 compared to Rs 83.74 crore a year ago, registering a decrease of 24.37%. Total income stood at Rs 1,815.24 crore compared to Rs 1,632.50 crore, logging a growth of 11.2%. PR Seshadri, MD &amp; CEO, KVB, said the total business increased to Rs 1,11,601 crore as on September 30, 2019, registering a 5% y-o-y growth.<\/p>\n<p>Total advances grew by Rs 1,247 crore from Rs 48,141 crore to Rs 49,388 crore. Total deposits rose by Rs 3,951 crore (7%) from Rs 58,262 crore to Rs 62,213 crore. CASA deposits stood at Rs18,522 crore with a share of 30%. While net interest income improved by Rs 17 crore to Rs 596 crore, non-interest income increased 57.95% from Rs 176 crore to Rs 278 crore. The net interest margin (NIM) of the bank stood at 3.46%.<\/p>\n<p>Gross NPA was at Rs 4,391 crore (8.89%) compared to Rs 3,707 crore (7.7%) and net NPA was at Rs 2,118 crore (4.5%) against Rs 2,052 crore (4.41%).Rs<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-1428321363\"><div id=\"jobbi-3122695358\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] Total advances grew by Rs 1,247 crore from Rs 48,141 crore to Rs 49,388 crore. Karur Vysya Bank (KVB) has reported a net profit of Rs 63.33 crore for the September quarter of FY20 compared to Rs 83.74 crore a year ago, registering a decrease of 24.37%. Total income stood at Rs 1,815.24 crore [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1183"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1184"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}