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Karnataka Bank reports 30% rise in Q4 net profit

Karnataka Bank has reported results for the fourth quarter and year ended March 31, 2017.

The Bank has reported a 29.57% rise in its net profit at Rs 138.37 crore for the quarter ended March 31, 2017 as compared to Rs 106.79 crore for the same quarter in the previous year. Total income of the Bank increased by 10.95% at Rs 1606.19 crore for quarter under review as compared to Rs 1447.68 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the Bank has posted 8.90% jump in its net profit at Rs 452.26 crore as compared to Rs 415.29 crore for the same period in the previous year. Total income of the Bank increased by 8.30% at Rs 5994.74 crore for year under review as compared to Rs 5535.07 crore for the period ended March 31, 2016.

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