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Karnataka Bank reports 61% rise in Q3 net profit

Karnataka Bank reports 61% rise in Q3 net profit

Karnataka Bank has reported results for third quarter ended December 31, 2018.

The Bank has reported 60.69% rise in its net profit at Rs 140.41 crore for the quarter under review as compared to Rs 87.38 crore for the same quarter in the previous year. Total income of the Bank increased by 18.92% at Rs 1,815.79 crore for Q3FY19 as compared Rs 1,526.86 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 4.45%, as compared to 3.97% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.00% in Q3FY19.

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