Karnataka Bank Q2 net profit up 186%

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Karnataka Bank Q2 net profit up 186%
Karnataka Bank: Quotes, News
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Karnataka Bank on Wednesday reported a rise in its net profit by 186% to Rs 117 crore for the quarter ended September 2012.

The company's net interest income rose 28% to Rs 233 crore for the ended September 2012 against Rs 182 crore in the corresponding quarter of last fiscal.

Capital adequacy ratio stood at 12.17%against 12.5% in the corresponding period of previous quarter.

Its total income has increased by 22.85% to Rs 1032.37 crore for the quarter against Rs 840.33 crore for the corresponding quarter of the previous fiscal.

Gross non-performing assets (NPAs) stood at 3.22% against 3.31% previous quarter. While net NPAs stood to 2.08% during the quarter against 1.99% previous quarter.

Karnataka Bank was recently in news on the reports of ICICI Bank acquiring it. However, Karnataka Bank clarified that there are moves to take over the bank.


Read more about: karnataka bank
Story first published: Wednesday, October 17, 2012, 15:54 [IST]
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