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Karnataka Bank reports 10% rise in Q3 consolidated net profit

12 Jan 2021 Evaluate

Karnataka Bank has reported results for third quarter ended December 31, 2020.

The bank has reported 9.94% rise in its net profit of Rs 135.38 crore for the quarter under review as compared to net profit of Rs 123.14 crore for the same quarter in the previous year. However, total income of the bank decreased by 6.27% at Rs 1868.62 crore for Q3FY21 as compared Rs 1993.68 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 9.93% rise in its net profit of Rs 135.37 crore for the quarter under review as against net profit of Rs 123.14 crore for the same quarter in the previous year. However, total income of the bank decreased by 6.27% at Rs 1868.62 crore for Q3FY21 as compared Rs 1993.68 crore for the corresponding quarter previous year.

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