Karnataka Bank has reported results for first quarter ended June 30, 2019.
The Bank has reported 7.46% rise in its net profit at Rs 175.42 crore for the quarter under review as compared to Rs 163.24 crore for the same quarter in the previous year. Total income of the Bank increased by 13.16% at Rs 1,829.16 crore for Q1FY20 as compared Rs 1,616.44 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 4.55%, as compared to 4.72% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.33% in Q1FY20.
