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Ashik Desais sentence on Thursday reflected his cooperation with prosecutors.
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The company had clocked a loss of Rs 20 crore in the year-ago period. Its total income rose to Rs 830.9 crore from Rs 781.6 crore, while expenses stood at Rs 823 crore, as against Rs 799.5 crore.
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Karur Vysya Bank (KVB) stock has outperformed BSE Bankex despite sector pressures. KVB has strong retail and commercial loan growth, low loan-deposit ratio, and high liquidity coverage ratio. Analysts have raised one-year price targets by over 8%.
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