Karnataka Bank has reported an improvement in its Q3 performance with net profits rising to Rs 107 crores for the quarter ending Dec 30, 2013, from Rs 80 crores in the corresponding period of last year.
Total income during the quarter has also risen to Rs 1166 crores, from Rs 1050 crores in the corresponding period of last year.
Gross non performing assets have, however, risen to 3.65 per cent, as against 3.30 per cent in the corresponding period of last year.
The stock of Karnataka Bank was trading marginally lower by just 0.71 per cent, after falling almost 2 per cent in trade earlier. Recovery in the stock was largely on the better than expected results posted by the bank.
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