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 » Companies News

Karnataka Bank Q4 net profit up 30% at Rs 138 crore

Private sector Karnataka Bank has reported a rise of about 30% in net profit at Rs 138.37 crore for the fourth quarter (Q4) ended on March 31 this year. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Karnataka Bank Q4 net profit up 30% at Rs 138 crore
Total income during March quarter rose to Rs 1,606.19 crore in 2016-17, from Rs 1,447.68 crore a year ago, the bank said in a regulatory filing. Representational Image. Image Source: ZeeBiz WebDesk
Written By: PTI
Updated: Sat, May 13, 2017
05:53 pm
New Delhi , PTI
RELATED NEWS
ICICI Bank clarifies on Karnataka Bank stake holding rumors ICICI Bank clarifies on Karnataka Bank stake holding rumors

Private sector Karnataka Bank has reported a rise of about 30% in net profit at Rs 138.37 crore for the last quarter ended on March 31, 2017.

It had posted a net profit of Rs 106.79 crore during January-March period of 2015-16.

Total income during March quarter rose to Rs 1,606.19 crore in 2016-17, from Rs 1,447.68 crore a year ago, the bank said in a regulatory filing.

For full fiscal ended March 2017, bank's net profit increased to Rs 452.56 crore, up 9%, from Rs 415.29 crore in 2015-16.

ALSO READ: ICICI Bank clarifies on Karnataka Bank stake holding rumors 

Income in the entire fiscal rose to Rs 5,994.74 crore, from Rs 5,535.07 crore.

On asset front, net non-performing assets (NPAs) were 2.64% of the net advances at the end of March 2017, slightly up from 2.35% year ago.

Gross NPAs or bad loans rose to 4.21% as a percentage of gross advances made by the end of fiscal, from 3.44% year ago.

Due to a restricted level of bank's bad assets, there was only a small rise in provisioning and contingencies allocation to Rs 160.40 crore for the quarter, against Rs 112.50 crore year ago.

Board of the bank has declared a dividend of Rs 4 per share for 2016-17, Karnataka Bank said.

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:
Karnataka Bank Q4Banking & Financial ServicesKarnataka Bank Q4 resultsKarnataka Bank Q4 earningsnet non-performing assetsKarnataka Bank Q4 NPAKarnataka Bank Q4 net profitBad loans
RELATED NEWS
ICICI Bank clarifies on Karnataka Bank stake holding rumors ICICI Bank clarifies on Karnataka Bank stake holding rumors

LATEST NEWS

Republic Day traffic advisory 2021 for TODAY: Avoid taking these routes; check detailed restrictions, timings and metro stations to be affected

Budget 2021: Big announcement? PM-KISAN samman nidhi yojana scheme list benefits may be hiked from Rs 6,000 to Rs 10,000

Budget 2021 Stocks With Anil Singhvi – Ultratech Cement is a TOP stock from budget standpoint, says Hemang Jani; 14-16 pct upside seen

Airtel Rs 78, Rs 248 PrePaid Plans Offer: Add-on packs with Wynk Premium subscription launched | Check FULL details here

IBPS Clerk Result 2020-21: Prelims cut off declared! Check score card, latest update at ibps.in

PUBG Mobile India rival FAU-G crosses 4 million pre-registrations ahead of release| Check launch date, trailer and other updates here

Good News! Reliance Jio recharge plan - Rs 11 offer now has 1GB data | Check voucher details here

Twitter user? Important notice for you from the company | Check how to do it

How to delete your phone number from TrueCaller, remove account: Follow these easy steps

7th Pay Commission Latest News Today 2021: Big 7th CPC announcement for central government employees; Modi government unveils this

  • 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