Business »  Topic »  Karnataka Bank Q3 profit slips 12% to Rs 123 cr

Karnataka Bank Q3 profit slips 12% to Rs 123 cr


The gross non-performing asset (NPA) of the bank rose to 4.99 per cent of assets from 4.45 per cent in the year-ago period.

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Private sector lender Karnataka Bank on January 16 reported a 12 per cent decline in its net profit at Rs 123.14 crore for the third quarter ending December 31, 2019 on account of rise in bad loans. The Mangalore-headquartered bank had reported a net profit of Rs 140.41 crore in the year-ago period, the bank said in regulatory filing.

However, the total income of the bank rose to Rs ...


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