The bank informed stock exchanges on Monday that Seshadri will continue to function till the end of this financial year 2019-20.
On standalone basis, Karur Vysya Bank reported a 24.4% decline in net profit to Rs 63.33 crore on a 11.2% rise in total income to Rs 1815.24 crore in Q2 September 2019 over Q2 September 2018.
Karur Vysya Bank is a privately held Indian bank, headquartered in Karur in Tamil Nadu. The bank operates in four business segments: treasury operations, corporate/ wholesale banking operations, retail banking operations and other banking operations.
