Karur Vysya Bank shares down over 3% on Q2 earn­ings

Business Standard - - FRONT PAGE -

The scrip of Karur Vysya Bank on Tues­day fell by over 3 per cent af­ter the com­pany re­ported a 40 per cent fall in net profit for the Septem­ber quar­ter. The stock de­clined by 3.23 per cent to end at ~124.45 on the BSE. In­tra-day, it dropped 4.93 per cent to ~122.25. On the NSE, shares of the com­pany slipped 3.44 per cent to close at ~124.70. Pri­vate sec­tor Karur Vysya Bank on Tues­day re­ported a 40 per cent fall in net profit at ~75.65 crore for the Septem­ber quar­ter due to in­creased pro­vi­sion­ing for ris­ing bad loans. PTI<

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