Karnataka Bank has reported results for second quarter ended September 30, 2014.
The bank has posted a threefold jump in its net profit at Rs 88.46 crore for the quarter ended September 30, 2014 as compared to Rs 28.95 crore for the same quarter in the previous year. Total income has increased by 10.92% at Rs 1278.44 crore for quarter under review as compared to Rs 1152.49 crore for the quarter ended September 30, 2013.
Gross non-performing assets (NPAs) decreased to 3.53% in the July-September quarter as against 3.59% in the same quarter previous year while net NPAs increased to 2.37%.
