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Karnataka Bank reports marginal rise in Q3 net profit

28 Jan 2015 Evaluate

Karnataka Bank has reported results for third quarter ended December 31, 2014.

The bank has registered a marginal gain of 0.22% in its net profit at Rs 106.94 crore for the quarter under review as compared to Rs 106.70 crore for the same quarter in the previous year. Total income of the bank has increased 17.09% at Rs 1364.69 crore for Q3FY15 as compared Rs 1165.54 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) improved to 3.44% in the October- December quarter as against 3.65% in the same quarter previous year, while net NPAs stood at 2.41%.

 

Peers
Company Name CMP
HDFC Bank 685.00
ICICI Bank 1385.70
Axis Bank 1226.10
Kotak Mahindra Bank 457.00
Indusind Bank 868.40
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