Karnataka Bank reported a 43% year-on-year rise in Q1 net profit to Rs 419 crore, driven by stronger business growth, improved asset quality and lower provisions. Net interest income, operating profit and margins increased, while advances and deposits posted healthy year-on-year growth.
Karnataka Bank reported a 43% year-on-year rise in Q1 net profit to Rs 419 crore, driven by stronger business growth, improved asset quality and lower provisions. Net interest income, operating profit and margins increased, while advances and deposits posted healthy year-on-year growth.
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