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Karnataka Bank reports 5% rise in Q2 consolidated net profit

29 Oct 2021 Evaluate

Karnataka Bank has reported results for second quarter ended September 30, 2021.

The bank has reported 5.17% rise in its net profit at Rs 125.61 crore for the quarter under review as compared to net profit of Rs 119.44 crore for the same quarter in the previous year. However, total income of the bank decreased by 8.25% at Rs 1725.15 crore for Q2FY22 as compared Rs 1880.35 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 5.11% rise in its net profit of Rs 125.45 crore for the quarter under review as against net profit of Rs 119.35 crore for the same quarter in the previous year. However, total income of the bank decreased by 8.26% at Rs 1725.09 crore for Q2FY22 as compared Rs 1880.35 crore for the corresponding quarter previous year.

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