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    HomeNewsBusinessEarningsKarur Vysya Bank Q3 profit seen down 39%, gross NPA may rise

    Karur Vysya Bank Q3 profit seen down 39%, gross NPA may rise

    According to analysts, loan growth may take a hit and slippages are expected to remain elevated.

    January 30, 2018 / 18:02 IST
       
       
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      Private sector lender Karur Vysya Bank is expected to report a 38.6 percent decline in profit at Rs 71.1 crore for October-December quarter, compared to Rs 115.8 crore in year-ago.

      Net interest income during the quarter is seen rising 6.7 percent to Rs 552.1 crore from Rs 517.6 crore in corresponding period, according to average of estimates of analysts polled by CNBC-TV18.

      Key things to watch out for:

      According to analysts, loan growth may take a hit and slippages are expected to remain elevated.

      Gross non-performing assets are expected to rise in Q3, from 4.83 percent in Q2FY18.

      first published: Jan 30, 2018 06:02 pm

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