Karnataka Bank registers Rs 140 crore in third quarter

MANGALURU: Powered via a robust and consistent all-round expansion, Karnataka Bank has posted a internet profit of Rs 140.41 crore for the 3rd quarter of present fiscal towards Rs 87.38 crore for the corresponding duration of final yr, registering an y-o-y expansion of 60.69%. For the nine-month duration ended December 2018, the financial institution posted internet profit of Rs 415.51 crore as towards Rs 314.61 crore for the corresponding duration of final yr, with a expansion fee of 32.07%.

Operating profit during the 3rd quarter of the present yr is Rs 400.37 crore as towards Rs 321.90 crore during the corresponding duration of the previous yr, registering a expansion of 24.38%. Further, for the 9 month duration of the present monetary yr, the running profit stood at Rs 1,125.58 crore as towards Rs 997.84 crore for the corresponding duration of earlier years, thereby registered a expansion of 12.80%, mentioned a financial institution communiqué here on Friday.


The gross NPA is at 4.45% as compared to 4.66% as of the previous quarter of the present monetary yr, this is September 2018. Similarly, the web NPA has been maintained at three% as compared to September 2018. The financial institution has clocked a business turnover of Rs 1,17,102 crore as on December 31, registering a y-o-y expansion of 14.67%. Deposits rose to Rs 65,141 crore from Rs 57,771 crore, y-o-y expansion of 12.76%. Advances rose to Rs 51,961 crore from Rs 44,354 crore.


Announcing effects at the financial institution’s headquarters here, Mahabaleshwara M S, managing director and CEO said, “The 3rd quarter effects are on anticipated lines. The expansion fee, asset quality and profits have shown consistent tractions.”


Karnataka Bank registers Rs 140 crore in third quarter Karnataka Bank registers Rs 140 crore in third quarter Reviewed by kailash soni on January 12, 2019 Rating: 5
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