FY 19 Q3 Earnings " Karnataka Bank "

The bank posting a robust 61% YOY growth. It has reported a net profit of Rs 416 cr .

The bank has also lowered it's gross NPA to 4.45% from 4.66%. The net NPA remain at 3%.

Turnover of the bank touch 1.17 lk cr in Q3.

Management of the bank said that, " The Q3 results are on the expected line. The growth rate, assets quality and earning has shown consistent tractions. Bank has been able to maintain the consistency without any negative surprise."