InvestorQ : How come Karur Vysya Bank reported such good numbers in a tough quarter?
Dhwani Mehta made post

How come Karur Vysya Bank reported such good numbers in a tough quarter?

Answer
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Khushi Patel answered.
3 months ago


Other income helped Karur Vysya Bank report a 39.5% rise in net profits to Rs.83.70 crore for Mar-20 quarter, in spite of 20% spike in provisioning to Rs.429 crore. Total income from operations was up by 3% at Rs.1803 crore.

Gross NPAs of the bank remained elevated at 8.68% while net NPAs tapered 100 bps to 3.98% indicating limited provisioning risk in the future. For the full financial year, KVB reported 11.5% growth in net profits.