Asset quality has been stable: Karur Vysya
Karur Vyasya Bank has reported a drop in gross and net NPAs for the fourth quarter ended March 2013. Managing director K. Venkataraman says that asset quality has been stable. He said some accounts were still facing problems, but the stress was bottoming out. The bank has maintained its provision coverage ratio and is restructuring problem accounts where needed, and recovering accounts where possible, he added.
