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Karnataka Bank Q2 net profit up 186%

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Karnataka Bank Q2 net profit up 186%
Karnataka Bank: Quotes, News
BSE 47.00BSE Quote1.15 (2.45%)
NSE 47.00NSE Quote1.1 (2.34%)
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.

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