Karnataka Bank has conducted the Q1 Business Review Conference of Regional Heads on August 01, 2014 at Mangalore. It directed all bank staff to reach out to the vast population and acquire new clients to expand the business. The bank laid its emphasis for understanding customer profile for catering the required banking facilities by extending courteous services.
The bank’s net profit for first quarter ended June 30, 2014 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.
