Karur Vysya bank set into release Its Q2 results today #Vysya_Bank

Karur Vysya bank set into release Its Q2 results today #Vysya_Bank

November 8, 2019 0 By NewsTakers

The bank has disclosed a 10.7% hike in its standalone net profit at Rs 83.74 crore for the September quarter of the previous fiscal.
NEW DELHI: Karur Vysya Bank is all set to declare its earnings for the second quarter today i.e. November 1, 2019.
The bank has disclosed a 10.7% hike in its standalone net profit at Rs 83.74 crore for the September quarter of the previous fiscal.
On October 30, 2019, the ICICI Lombard announced a bancassurance-tie up with Karur Vysya Bank that makes the Q2 performance of the bank a more intriguing report to watch out for.
The bank was quoting at Rs 56 and Rs 55.95 at 12:46 pm on November 1, 2019.
In the latest quarter, Karur Vysya Bank showed an impressive 59% jump in its net profit to Rs 72.92 crore owing to growing interest components and dipping provisioning for bad loans.
The ambiguous slacking off in the PSB industry and its impact on Karur Vysya Bank’s Q2 performance is keeping market experts and investors on the edge.
(With input from agencies)

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