Karnataka Bank has reported results for the quarter ended December 31, 2011.
The Bank has recorded a growth of 86.71% in net profit quarter ended December 31, 2011 at Rs 72.05 crore as against Rs 38.59 crore in the corresponding period of the previous fiscal. Total income of the lender rose by 32.5% to Rs 882.72 crore during the October-December quarter, against Rs 668.45 crore in the same period last year.
The bank’s gross NPA for the December quarter of the current fiscal stood at 4.00%, while the same was at 3.83% for the corresponding quarter of the previous fiscal. Meanwhile, bank’s Net NPA stood at 2.23% as compared to 1.18% in the same quarter of the previous year.
