Sunday, March 16, 2025 | 08:11 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Karnataka Bank Q1 net down 46% to Rs 106 cr as treasury income dips

Mulls QIP for equity capital raise

Karnataka Bank
Premium

Karnataka Bank stock closed 1.17 per cent lower at Rs 59.05 per share on BSE. Source: Wikipedia

BS Reporter Mumbai
Private sector lender Karnataka Bank's net profit fell by 46 per cent to Rs 106.08 crore in the first quarter ended June 2021 (Q1FY22) on a dip in treasury income.

The bank had posted a net profit of Rs 196.38 crore during the same quarter last year (Q1FY21). Sequentially, the bank had booked a profit of Rs 31.36 crore in the quarter ended March 2021 (Q4FY21).

Mahabaleshwara M S, Managing Director & Chief executive of the bank, said the reduction in net profit is mainly on account of decline in treasury gains, which is dependent on yield movements. Its other

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in