Karnataka Bank has reported results for the first quarter ended June 30, 2017.
The Bank has reported a net profit of Rs 133.85 crore, during Q1 of FY 2017-18 with a growth rate of 10.13% compared to Rs 121.54 crore during Q1 of 2016-17. The operating profit of the Bank increased from Rs 261.92 crore to Rs 309.70 crore showing a growth rate of 18.24 %. The Net Interest Income increased by 16.38% on year-on-year basis to Rs 424.42 crore from Rs 364.69 crore.
The business turnover of the Bank has touched Rs 94,711 crore as on June 30, 2017, registering a growth rate of 9.56% on year-on-year basis. The deposits of the Bank grew from Rs 51,501 crore to Rs 56,227 crore with a y-o-y growth rate of 9.18% and advances grew from Rs 34,946 crore to Rs 38,484 crore with a y-o-y growth rate of 10.12%. The CD ratio has improved to 68.44 % from 67.86%, as on 30-06-2017. The CASA deposits reached a level of 28.94 % of total deposits as of June 30, 2017, as against 26.22% as on June 30, 2016.
Meanwhile, gross NPAs stood at Rs 1,691 crore as at the end of Q1 of FY18, constituting 4.34 % of gross advances. Net NPAs stood at Rs 1,230 crore as at the end of Q1 of FY18, constituting 3.20% of net advances. The capital adequacy ratio of the Bank stood at 13.02% (under Basel III) as at the end of June-2017 as against minimum 10.25% stipulated by RBI.
| Company Name | CMP |
|---|---|
| HDFC Bank | 801.00 |
| ICICI Bank | 1410.30 |
| Axis Bank | 1342.50 |
| Kotak Mahindra Bank | 396.70 |
| Indusind Bank | 975.65 |
| View more.. | |
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