Mangalore-based private sector lender Karnataka Bank 's second quarter net profit rose nearly 186%
year-on-year to Rs 117.2 crore in the second quarter of financial year 2012-13.
Net interest income increased 28% to Rs 233 crore in the
three months ended September 2012 from Rs 182 crore in the corresponding
quarter of last fiscal.
Gross non-performing assets (NPAs) declined 9 basis points
quarter-on-quarter to 3.22% while net NPAs grew by 9 basis points QoQ to 2.08%
during the quarter.
The bank has made provisions of Rs 22.7 crore, which were
less compared to Rs 57 crore in June quarter.
Capital adequacy ratio stood at 12.17% in July-September
quarter as against 12.5% in previous quarter.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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