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%. Read The Rest at :