Karnataka Bank has reported results for third quarter ended December 31, 2019.
The Bank has reported 12.30% fall in its net profit at Rs 123.14 crore for the quarter under review as compared to Rs 140.41 crore for the same quarter in the previous year. However, total income of the Bank increased by 11.45% at Rs 2023.68 crore for Q3FY20 as compared Rs 1815.79 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 4.99%, as compared to 4.45% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.75% in Q3FY20.
