Karnataka Bank has reported results for second quarter ended September 30, 2015.
The bank has posted a surge of 15.59% in its net profit at Rs 102.25 crore for the quarter ended September 30, 2015 as compared to Rs 88.46 crore for the same quarter in the previous year. Total income has increased by 7.11% at Rs 1369.39 crore for quarter under review as compared to Rs 1278.44 crore for the quarter ended September 30, 2014.
The bank’s gross NPA for the July-September quarter of the current fiscal improved to 3.18%, as compared to 3.53% in the same quarter of the previous year. The bank’s Net NPA were at 1.96%, lower than 2.37% in the similar quarter of previous fiscal.
