Karur Vysya Bank Falls 20% After Q3 Asset Quality Deteriorates

Karur Vysya Bank’s gross non-performing assets stood at 8.49 percent for the three months ended December.

Published On

14 Feb 2019, 01:12 PM IST

Last Updated On

14 Feb 2019, 04:11 PM IST

A cashier counts Indian one hundred-rupee banknotes at an Oriental Bank of Commerce branch in New Delhi, India (Photographer: Prashanth Vishwanathan/Bloomberg)

Shares of Karur Vysya Bank fell as much as 20 percent—the most in nearly 15 years—to Rs 63.20 on the National Stock Exchange after the lender's asset quality worsened in the quarter ended December.

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Karur Vysya Bank Falls 20% After Q3 Asset Quality Deteriorates

Karur Vysya Bank’s gross non-performing assets stood at 8.49 percent for the three months ended December.

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