Karnataka Bank has registered a marginal gain of 0.22% in its net profit at Rs 106.94 crore for third quarter ended December 31, 2014 as compared to Rs 106.70 crore for the same quarter in the previous year. Total income of the bank has increased 17.09% at Rs 1364.69 crore for Q3FY15 as compared Rs 1165.54 crore for the corresponding quarter previous year.
Gross non-performing assets (NPAs) improved to 3.44% in the October- December quarter as against 3.65% in the same quarter previous year, while net NPAs stood at 2.41%.
Gross non-performing assets (NPAs) improved to 3.44% in the October- December quarter as against 3.65% in the same quarter previous year, while net NPAs stood at 2.41%.
The Karnataka Bank is currently trading at Rs. 146.50, up by 1.90 points or 1.31 % from its previous closing of Rs. 144.60 on the BSE.
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