Karnataka Bank has reported results for second quarter ended September 30, 2013.
The bank has reported a fall of 75.30% in its net profit at Rs 28.95 crore for the quarter ended September 30, 2013 as compared to Rs 117.19 crore for the same quarter in the previous year. However, total income of the bank increased by 11.64% at Rs 1152.49 crore for quarter under review as compared to Rs 1032.37 crore for the quarter ended September 30, 2012.
Gross non-performing assets (NPAs) have increased to 3.59% in the July-September quarter as against 3.22% in the same quarter previous year, while net NPAs too increased to 2.25%.
