Mangaluru-based Karnataka Bank recorded a net profit of Rs 1,032.04 crore for the nine months of the financial year ending December 2023, a 25% YoY growth. The bank's Q3FY net profit stood at Rs 331.08 crore, a 10.11% increase YoY. The board of directors meeting in Mangaluru approved the financial results. Karnataka Bank's business turnover reached Rs 1,61,936.36 crore with advances of Rs 69,740.97 crore and deposits of Rs 92,195.39 crore. The bank's asset quality improved, with GNPA declining to 3.64% and NNPA declining to 1.55%.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.