Private sector lender Karnataka Bank has reported
a net profit of Rs 83 crore for the fourth quarter of FY12, down 9% as compared
to Rs 91 crore in a year ago period due to high provisions.
Provisions of the bank increased significantly by 97% to Rs
75 crore from Rs 38 crore year-on-year.
Net interest income increased 8.3% year-on-year to Rs 222
crore for the quarter ended March 2012.
Capital adequacy ratio declined at 12.84% in January-March
quarter of 2012 versus 13.33% in the corresponding quarter of last fiscal.
Asset quality improved during the quarter. Gross
non-performing assets (NPAs) declined at 3.27% versus 4% and net NPAs slipped
at 2.11% versus 2.23% quarter-on-quarter.
Gross NPAs went down at Rs 684 crore versus Rs 702 crore and
net NPAs moved down at Rs 435 crore versus Rs 438 crore sequentially.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
No comments:
Post a Comment