 "Karnataka Bank")
Shares of Karnataka Bank were locked in the 20 per cent upper circuit at Rs 112.55 on the BSE on Wednesday after the bank posted a record quarterly net profit of Rs 411 crore for the quarter ended September 2022 (Q2FY22). The net profit grew by 228 per cent compared to the net profit of Rs 125 crore in Q2FY22.
The bank said the significant jump in net profit is mainly because of improved earnings, improved asset quality, healthy growth of advances, cost containment, and efficiency enhancement among others.
The stock hit an over three-year high, and was
The bank said the significant jump in net profit is mainly because of improved earnings, improved asset quality, healthy growth of advances, cost containment, and efficiency enhancement among others.
The stock hit an over three-year high, and was
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