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Karnataka Bank Ltd has registered a net profit of ₹111.86 crore in the second quarter of 2018-19 against a profit of ₹93.38 crore in the corresponding period of the previous fiscal, recording a growth of 19.79 per cent.
Net profit for the first six months of 2018-19 stood at ₹275.10 crore (₹227.23 crore), recording a growth of 21.07 per cent. Net interest income stood at ₹467.71 crore (₹440.24 crore), and the other income at ₹201.20 crore (₹247.82 crore).
Gross and net non-performing assets (NPAs) stood at 4.66 per cent (4.13 per cent) and 3 per cent (3.04 per cent), respectively, during the second quarter of 2018-19.
Total business of the bank stood at ₹1,13,854 crore (₹97621 crore) at the end of the second quarter of 2018-19, registering a growth of 16.63 per cent.
Deposits increased to ₹63,885 crore (₹56,558 crore), and advances to ₹49,970 crore (₹41,062 crore). The bank has achieved an all-time high CD (credit-deposit) ratio of 78.22 per cent.
Karnataka Bank shares ended the session down by 0.36 per cent at Rs 98 on the BSE.
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