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Karnataka Bank reports 8% rise in Q3 consolidated net profit

31 Jan 2022 Evaluate

Karnataka Bank has reported results for third quarter ended December 31, 2021.

The bank has reported a rise of 8.27% in its net profit at Rs 146.57 crore for the quarter under review as compared to Rs 135.38 crore for the same quarter in the previous year. However, total income of the bank decreased by 6.24% at Rs 1,761.55 crore for Q3FY22 as compared Rs 1,878.74 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 8.16% in its net profit at Rs 146.42 crore for the quarter under review as compared to Rs 135.37 crore for the same quarter in the previous year. However, total income of the bank decreased by 6.24% at Rs 1,761.53 crore for Q3FY22 as compared Rs 1,878.74 crore for the corresponding quarter previous year.