scorecardresearchKarur Vysya Bank: This private sector bank has doubled investor wealth in Just 90 days; How to play it now?

Karur Vysya Bank: This private sector bank has doubled investor wealth in Just 90 days; How to play it now?

Updated: 19 Sep 2022, 02:18 PM IST
TL;DR.
On July 25, Karur Vysya Bank announced a 110 percent year-on-year increase in net profit to 229 crore for the first quarter of the fiscal year, up from 109 crore in the previous fiscal. Shares of the private sector lender have rallied nearly 36% in the last month.
The bank's provisions for bad loans and contingencies came down to  <span class='webrupee'>₹</span>154.64 crore in the June quarter from  <span class='webrupee'>₹</span>247.37 crore in the year-ago period.

The bank's provisions for bad loans and contingencies came down to 154.64 crore in the June quarter from 247.37 crore in the year-ago period.