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Karnataka Bank reports record quarterly profit

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Karnataka Bank reports record quarterly profit - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.Stock Analysis, IPO, Mutual Funds, Bonds - More Gross NPAs declined to 4.55% compared to 4.72% reported in the corresponding quarter of the previous year.

ET Bureau|Jul 12, 2019, 07.31 PM ISTMangaluru headquartered private sector Karnataka Bank posted an all-time high quarterly net profit of Rs 175 crore in the April-June quarter, registering 7.5 per cent growth year-on-year. The business turnover of the bank touched Rs 1,21,340 crore as on June 30, recording 10 per cent growth on a year-on-year basis.

Gross NPAs declined to 4.55 per cent compared to 4.72 per cent reported in the corresponding quarter of the previous year as of June 30, according to a press release from the bank.

Bank MD Mahabaleshwara MS said: “I am confident of keeping the momentum going as the bank has registered all round growth in almost all spheres of banking.” The performance, he added assumed significance as it had been delivered in a not so favorable economic condition.” Commenting feature is disabled in your country/region.Browse CompaniesABCDEFGHIJKLMNOPQRSTUVWXYZ|123456789To see your saved stories, click on link hightlighted in bold




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