Sunday, March 16, 2025 | 06:20 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Karnataka Bank Q4 net profit rises 15% at Rs 31 cr; NII declines 13%

The capital adequacy ratio improved to 14.85% in March 2021

Karnataka Bank
Premium

Karnataka Bank | Photo: Wikimedia Commons

Abhijit Lele Mumbai
Private sector lender Karnataka Bank's net profit rose by 14.8 per cent to Rs 31.36 crore in fourth quarter ended March 2021 on dip in provisions and contingencies. It had posted a net profit of Rs 27.31 crore in same quarter last year.

The annual net profit for FY21 grew by 11.76 per cent to R 482.57 crore as against Rs 431.78 crore in FY20.

Its board recommended a dividend of 18 per cent, subject to shareholders approval. On Wednesday, its shares closed 1.41 per cent higher at Rs 71.9 apiece on BSE.

Mengaluru-based lender's net interest income (NII) for reporting quarter was

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