Karnataka Bank has reported results for the fourth quarter and year ended March 31, 2019.
The Bank has reported around 6-fold jump in its net profit at Rs 61.73 crore for the quarter ended March 31, 2019, as compared to Rs 11.00 crore for the same quarter in the previous year. Total income of the Bank marginally increased by 4.85% at Rs 1,821.88 crore for the quarter under review as compared Rs 1,737.55 crore for the quarter ended March 31, 2018.
For the year ended March 31, 2019, the Bank has posted a rise of 46.57% in its net profit at Rs 477.24 crore as compared to Rs 325.61 crore for the same period in the previous year. Total income of Bank increased 8.31% at Rs 6,907.92 crore for year under review as compared to Rs 6,378.09 crore for the period ended March 31, 2018.
