Mangaluru headquartered, Karnataka Bank has earmarked Rs 6,120 crore to agriculture sector during the current year. The bank inaugurated the Agri. Business Conference at Mangaluru on August 03, 2016 addressing the Agriculture Field Officers, Branch Heads of Agri. Development Branches, Green Branches and the Regional Heads from across India.
The bank aims to achieve export credit target of Rs 2,490 crore during the current financial year. With the good onset of monsoon and other positive macro economic conditions, the business opportunities have turned bright which will turnaround the scenario in forex business also.
The bank has reported 11.16% rise in its net profit at Rs 121.54 crore for the first quarter ended June 30, 2016 as compared to Rs 109.34 crore for the same quarter in the previous year. Total income of the bank increased by 6.44% at Rs 1434.96 crore for quarter under review as compared to Rs 1348.17 crore for the quarter ended June 30, 2015.
The bank’s gross NPA for the April-June quarter of the current fiscal increased to 3.92%, as compared to 3.26% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.61% in Q1FY17.
| Company Name | CMP |
|---|---|
| HDFC Bank | 801.20 |
| ICICI Bank | 1361.25 |
| Axis Bank | 1357.95 |
| Kotak Mahindra Bank | 381.55 |
| Indusind Bank | 851.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: