The Karnataka Bank has reported results for fourth quarter and year ended March 31, 2022.
The bank has reported over 4-fold jump in its net profit at Rs 130.35 crore for the quarter under review as compared to Rs 31.37 crore for the same quarter in the previous year. Total income of the bank increased by 5.76% at Rs 1,835.68 crore for Q4FY22 as compared Rs 1,735.72 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported over 4-fold jump in its net profit at Rs 130.20 crore for the quarter under review as compared to Rs 31.36 crore for the same quarter in the previous year. Total income of the bank increased by 5.76% at Rs 1,835.76 crore for Q4FY22 as compared Rs 1,735.71 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported a rise of 5.40% in its net profit at Rs 508.62 crore as compared to Rs 482.57 crore for the previous year. However, total income of the bank decreased by 6.04% at Rs 7,175.54 crore for year under review as compared to Rs 7,636.62 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the bank has reported a rise of 5.29% in its net profit at Rs 507.99 crore as compared to Rs 482.46 crore for the previous year. However, total income of the bank decreased by 6.04% at Rs 7,175.54 crore for year under review as compared to Rs 7,636.61 crore for year ended March 31, 2021.
