Karnataka Bank posts net profit of Rs 140.41 crore for Q3 of FY 18-19
- | Friday | 11th January, 2019
Deposits rose to Rs 65,141 crore from Rs 57,771 crore, y-o-y growth of 12.76%. Bank has clocked a business turnover of Rs 1,17,102 crore as on December 31, registering a y-o-y growth of 14.67%. MANGALURU: Powered by a strong and consistent all round growth, Karnataka Bank has posted a net profit of Rs 140.41 crore for the third quarter of current fiscal against Rs 87.38 crore for the corresponding period of last year, registering an y-o-y growth of 60.69%. For the nine months period ended December 2018, the bank posted net profit of Rs 415.51 crore as against Rs 314.61 crore for the corresponding period of last year with a growth rate of 32.07%.Operating profit during third quarter of the current year is Rs 400.37 crore as against Rs 321.90 crore during the corresponding period of the previous year, registering a growth of 24.38%. Advances rose to Rs 51,961 crore from Rs 44,354 crore.Announcing results at the bank’s head quarters here, Mahabaleshwara M S , managing director and CEO said, “The third quarter results are on expected lines.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
Stay updated with all the Latest Mangalore headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.