Private sector lender Karur Vysya Bank has announced a 10.44% rise in net profits for the second quarter of this fiscal which ended in September 2011.

The bottom line of the bank stood at Rs 113.31 crore as against Rs 102.60 crore booked for the same period in the fiscal prior to this.

There has been a 8.7% rise in terms of operating profit amounting to Rs 157.67 crore as against Rs 145.07 crore earlier.

On a y-o-y basis, there has been a 23% increase in net profit figures for the bank.

The gross NPA level has also dropped to 1.48% as against 1.55% earlier.