Karur Vysya Bank is ready to launch its second quarter results today
NEW DELHI: Karur Vysya Bank is ready to declare its earnings for the second quarter of today, that is, on November 1, 2019. The bank has revealed a 10.7% increase in its independent net gain in Rs 83.74 crore for the September quarter of the previous fiscal year.
On October 30, 2019, ICICI Lombard announced a bancassurance bond with Karur Vysya Bank that makes the bank's second quarter performance a more intriguing report to consider. The bank traded at Rs 56 and Rs 55.95 at 12:46 p.m. from November 1, 2019.
In the last quarter, Karur Vysya Bank showed an impressive 59% increase in net earnings to Rs 72.92 crore due to the increase in interest components and the decrease in the provision for bad loans. The ambiguous slack in the PSB industry and its impact on Karur Vysya Bank's second quarter performance keep market experts and investors to the limit.
(With agency contributions)