Karur Vysya Bank net profit for the quarter ended June 30,2018 drops 69% at Rs 45.9 crore, while in the same period last fiscal it was Rs.148 crore.

Net interest income rose 8.4% at Rs.583.6 crore, against Rs.538.6 crore. The company’s gross NPA was up at 7.44% and net NPA was up at 4.50%, QoQ. Further, the provisions was at Rs.422.7 crore versus Rs.394.2 crore, QoQ and versus Rs 233.4 crore, YoY. The provision coverage ratio was unchanged at 56.50%.

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