LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

Karnataka Bank reports net profit of Rs 93.38 cr for Q2

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Sat, Oct 14, 2017
07:19 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

The city-based private sector Karnataka bank has posted a net profit of Rs 93.38 crore during the second quarter of the current financial year.

Though this was lesser compared to the net profit of Rs 123.82 crore in the second quarter of the previous year, the operating profit showed a robust growth of 57.35 per cent and improved to Rs 366.24 crore from Rs 232.75 crore during the same period in 2016-17, the bank said in a release.

The board approved the financial results for the quarter and half-year ending September 30 at its meeting held here yesterday.

The net interest income for the half year increased by Rs 102.71 crore from Rs 761.94 crore to Rs 864.65 crore, registering an Year-on-Year growth of 13.48 per cent, it said.

The bank recorded total business of Rs 97,685.49 crore as on September 30 this year, registering a Year-on-Year growth of 8.89 per cent.

Deposits rose to Rs 56,558.45 crore, a growth of 6.52 per cent.

Advances rose to Rs 41,127.04 crore, registering a growth of 12.34 per cent.

Gross NPAs stood at Rs 1,715.70 crore and constituted 4.13 per cent of gross advances.

Net NPAs was Rs 1,246.81 crore,constituting 3.04 per cent of net advances as against 3.20 per cent in the first quarter.

Expressing satisfaction over the second quarter results, Bank Managing Director and CEO M S Mahabaleshwara said that healthy growth in advances as shown by increased CD ratio (72.72 per cent) and higher operating profit (growth of 57.35 per cent) were among the favourable factors.

With all the growth factors showing positive traction, the CEO said he was optimistic of a strong and sustainable growth in future.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

CBSE Exams 2021: Datesheet announcement and other latest details, Class 10, 12 students must know

PUBG Mobile India launch: Important notification issued by govt | Check reason for BIG Trouble here

Republic Day Parade 2021: When and where to watch live telecast of R-Day Parade - timing to traffic routes, all details here

How to check IRFC IPO Allotment Status Online: All you need to know in one place

Republic Day Parade 2021 LIVE Telecast: Watch R-day parade coverage as it happens on this Ministry of Defence app, also check parking and route map

The Kapil Sharma Show set to go off air? Reasons REVEALED? Check report

PNB account holder? Alert! Do this before March 31 or you won't be able to transfer money

Urgent message for Indian Railways passengers about 'morphed' photo about trains

Home First Finance Company IPO subscribed 26.57 times so far on last day

Budget 2021 will be historical if government cuts taxes, IIFL Founder Nirmal Jain tells Anil Singhvi

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved