Karnataka Bank has reported results for the second quarter ended September 30, 2012.
The bank’s net profit for the quarter has registered growth of 185.27% at Rs 117.19 crore as compared to Rs 41.08 crore for the quarter ended September 30, 2011. Its total income has increased by 22.85% to Rs 1032.37 crore for the quarter under review from Rs 840.33 crore for the corresponding quarter of the previous fiscal.
Gross non-performing assets (NPAs) of the bank stood at 3.22% for the quarter as against 4.01% in the same quarter of previous year and 3.31% in the previous quarter. Net non-performing assets (NPAs) of the bank were at 2.08%, lower than 2.22% in the similar quarter of previous fiscal. Meanwhile, the bank’s Capital adequacy ratio (for Basel I) declined to 11.16% versus 12.01% year-on-year.
