Karnataka Bank has reported results for third quarter ended December 31, 2022. (Q3FY23)
The bank has reported over 2-fold jump in its net profit at Rs 300.68 crore for Q3FY23 as compared to Rs 146.57 crore for the corresponding quarter previous year. Total income of the bank increased by 16.68% to Rs 2055.31 crore for the quarter under review as compared to Rs 1761.55 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.
