Karnataka Bank has reported results for fourth quarter and year ended March 31, 2014
The bank has posted a rise of 20.51% in its net profit at Rs 81.21 crore for the quarter ended March 31, 2014 as compared to Rs 67.39 crore for the same quarter in the previous year. Total income of the bank increased by 7.54% at Rs 1172.58 crore for quarter under review as compared to Rs 1090.32 crore for the quarter ended March 31, 2013.
For the year ended March 31, 2014, the bank has posted a fall of 10.64% in its net profit at Rs 311.03 crore as compared to Rs 348.08 crore for the same period in the previous year. However, total income of bank increased by 12.79% at Rs 4694.41 crore for year under review as compared to Rs 4161.93 crore for the period ended March 31, 2013.
