Mangaluru 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.”
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