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Karnataka Bank Q3 net profit down 12% at ₹123 crore


Karmataka Bank posted a net profit of ₹123.14 crore in the third quarter of 2019-20 against a profit of ₹140.41 crore in the corresponding period of 2018-19, registering a decline of 12.30 per cent.

Speaking to BusinessLine after the meeting of the board of directors of the bank to consider the unaudited results of the bank on Thursday, Mahabaleshwara MS, Managing Director and CEO, said the net profit is slightly better than the sequential previous quarter (Q2 FY20), when it registered a net profit of ₹105.91 crore.

“We have been able to get net profit of ...


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