Net profit of Karnataka Bank rose 12.87 per cent to Rs 94.17 crore during Apr-Jun 2013 compared to Rs 83.43 crore in the year-ago period.
Growth in operating profits to Rs 257.51 crore during the quarter from Rs 168.94 crore in the year-ago period enabled the firm post strong net profit.
Other income of the bank rose 116 per cent to Rs 205.95 crore from Rs 95.33 crore in the corresponding previous-year period.
Net interest income, which is the difference between the interest earned and the interest expended, rose to Rs 250 crore (Rs 221.89 crore).
During the quarter under consideration, gross NPA (non-performing asset) declined to 3.22 per cent (3.31 per cent) and net NPA to 1.96 per cent (1.99 per cent).
The provisions and contingencies increased to Rs 72.89 crore (Rs 57.06 crore) during the period.
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