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Karnataka Bank net up 27.5% in third quarter

The improvement in asset quality and credit growth have helped Karnataka Bank record 27.52 per cent growth in its net profit during the third quarter of this fiscal (2017-18).The bank registered a net profit of Rs 87.38 crore in Q3 FY18 as against Rs 68.52 crore in the corresponding year-ago period.Speaking to BusinessLine, Mahabaleshwara MS, Managing Director and CEO of the bank, said the gross non-performing assets (GNPA) of the bank came down to 3.97 per cent from 4.30 per cent in the corresponding period of the previous year.
Source: Latest News

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