Karnataka Bank has reported results for first quarter ended June 30, 2014.
The bank’s net profit for the quarter rose by 29.16% at Rs 121.63 crore as compared to Rs 94.17 crore for the quarter ended June 30, 2013. Its total income has increased by 4.19% to Rs 1254.24 crore for the quarter under review from Rs 1203.80 crore for the corresponding quarter of the previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal stood at 3.43%, as compared to 3.22% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.37% in Q1FY15.
