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Mangaluru-headquartered private sector Karnataka Bank today reported a 10% fall in its net profit at Rs 109.34 crore for the April-June quarter of the current fiscal over the corresponding quarter previous year.
However, the total income of the bank has increased 7% to Rs 1,348.17 crore during the April-June quarter of the current fiscal, from Rs 1,254.24 crore in the same period of last fiscal, Karnataka Bank said in a filing on the BSE.
According to the filing, the gross non-performing assets (NPAs), as a proportion of advances, decreased to 3.26% in the first quarter, as against 3.43% in the same period previous fiscal.
Meanwhile, the net NPAs of the bank also fell to 2.05% from 2.37% at the end of June 2014. The bank's scrip closed at Rs 153.85, up 0.16%, on the BSE and on the NSE it close at Rs 153.20, down .29%.
