More Stories

Informist, Wednesday, Jul. 29, 2026

 

Please click here to read all liners published on this story

--Karnataka Bank Apr-Jun net profit INR 4.19 bln vs INR 2.92 bln yr ago 
--Karnataka Bank Apr-Jun total income INR 27.38 bln vs INR 26.20 bln yr ago 
--Karnataka Bank Apr-Jun provisions INR 287.00 mln vs INR 1.11 bln yr ago 
--Karnataka Bank gross NPA ratio 2.58% on Jun 30 vs 2.78% qtr ago 
--Karnataka Bank net NPA ratio 0.87% on Jun 30 vs 0.98% qtr ago 
--Karnataka Bank Basel III capital adequacy ratio 21.10% on Jun 30 
--Karnataka Bank provision coverage ratio 84.70% on Jun 30 

 

By J. Navya Sruthi

 

MUMBAI – Karnataka Bank Ltd.'s net profit for the June quarter rose on year as a sharp fall in provisions partly offset the surge in taxes paid. The bank's total income rose year-on-year more than the increase in its total expenses, which also supported the net profit.

 

Karnataka Bank's net profit for the June quarter was INR 4.19 billion, up over 43% on year. This significant year-on-year growth in net profit came on the back of an over 74?ll in provisions to INR 287 million in the June quarter. The net profit rose nearly 3% on quarter from INR 4.08 billion reported in the March quarter.

 

The bank's total income rose to INR 27.38 billion in the June quarter, up 4.5% on year. This rise was because of an over 5% rise in interest earned in the quarter to INR 23.83 billion. Income on investments was up at INR 4.33 billion, from INR 3.89 billion in the year-ago quarter.

 

The bank's tax expense surged to INR 1.33 billion in the June quarter from INR 641 million in the year-ago quarter. The tax expenses rose nearly 14% on quarter from INR 1.17 billion in the March quarter.

 

Total expenses reported by the bank for the quarter were up 0.3% on year at INR 21.58 billion. The interest expended, which accounts for a major share of total expenses, fell over 4% on year to INR 14.44 billion. This fall in interest expended restricted a further rise in the bank's total expenses, supporting its net profit.

 

The bank's gross non-performing assets ratio as on Jun. 30 was 2.58%, down from 2.78% a quarter ago and 3.46% a year ago. The net non-performing assets ratio was 0.87%, also down from 0.98% as on Mar. 31 and 1.44% as on Jun. 30, 2025.

 

The bank's Basel III capital adequacy ratio was 21.10% as on Jun. 30, up from 20.07% a quarter ago and 20.46% a year ago. Its provision coverage ratio was 84.70% as on Jun. 30, against 81.11% a year ago.

 

Deposits with the lender stood at INR 1.10 trillion as on Jun. 30, up nearly 7% on year. The retail deposits were at INR 694.10 billion, up 6%. The bank's advances rose nearly 17% on year to INR 866.10 billion by the end of the June quarter.

 

The net interest margin rose to 3.20% in the June quarter from 2.82% a year ago. The current account savings account ratio of the bank was 32.42% as on Jun. 30, down from 33.61% a quarter ago but up from 30.84% a year ago.

 

"As we move forward, we remain committed to building on our strengths, expanding our business responsibly, and creating long-term value for all·our stakeholders," Raghavendra S. Bhat, managing director and chief executive officer, said in a note. "With a clear strategic vision, disciplined execution, and an unwavering focus on trust, innovation, and service excellence, we are confident of sustaining our growth momentum and reinforcing Karnataka Bank's position as a trusted financial partner."

 

The bank announced its financial results for the June quarter after market hours. Wednesday, shares of Karnataka Bank ended at INR 279 on the National Stock Exchange, up 0.8% from Tuesday.  End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000  

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.