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Karnataka Bank reports 10% rise in Q3 consolidated net profit

24 Jan 2024 Evaluate

Karnataka Bank has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The bank has reported 10.11% rise in net profit at Rs 331.08 crore for the quarter ended December 31, 2023 as compared to Rs 300.68 crore for the same quarter in the previous year. Total income of the bank increased by 18.65% at Rs 2,438.69 crore for Q3FY24 as compared Rs 2,055.31 crore for corresponding quarter of the previous year.

On consolidated basis, the bank reported 10.17% rise in its net profit at Rs 331.21 crore for Q3FY24 as compared to Rs 300.63 crore for the same quarter in the previous year. Total income of the bank increased by 18.65% at Rs 2,438.68 crore for Q3FY24 as compared Rs 2,055.31 crore for corresponding quarter of the previous year.

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