Karnataka Bank has reported results for second quarter ended September 30, 2022.
The bank has reported over 3-fold jump in its net profit at Rs 411.63 crore for Q2FY23 as compared to Rs 125.61 crore for the corresponding quarter previous year. Total income of the bank increased by 11.04% to Rs 2031.09 crore for the quarter under review as compared to Rs 1829.16 crore for the same quarter in the previous year.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
