Hot Pursuit     03-Jan-23
Karnataka Bank gains on Q3 business update
Karnataka Bank jumped 3.89% to Rs 160.25 after the private bank's aggregate deposits grew by 7.87% to Rs 84,592.60 crore as on 31 December 2022 from Rs 78424.86 crore as on 31 December 2021.
CASA deposits rose 9.95% to Rs 26,991.74 crore as of 31 December 2022 as compared to Rs 24,549.42 crore as of 31 December 2021.

Share of CASA to total deposits was 31.91% as on 31 December 2022 as compared with 31.30% as on as on 31 December 2021.

Gross advances grew by 12.37% year on year (YoY) to Rs 63,658.59 crore as on 31 December 2022.

The private lender's net profit surged 227.70% to Rs 411.63 crore on 11.04% increase in total income to Rs 2,031.09 crore in Q2 FY23 over Q2 FY22.

Karnataka Bank is a scheduled commercial bank under private sector, serving customers across India. It has a presence across the metro, urban, semi-urban, and rural centres.

Previous News
  Karnataka Bank to hold board meeting
 ( Corporate News - 16-Jan-23   17:11 )
  Karnataka Bank's new MD and CEO takes charge
 ( Corporate News - 09-Jun-23   14:48 )
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 ( Hot Pursuit - 10-Jun-23   13:21 )
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 ( Results - Analysis 15-Oct-19   20:58 )
  Karnataka Bank to conduct board meeting
 ( Corporate News - 21-Sep-23   10:11 )
  Karnataka Bank raises term deposit interest rates
 ( Corporate News - 29-Sep-22   09:40 )
  HDFC Life Insurance and Karnataka Bank join hands to distribute life insurance products
 ( Insurance - 20-Nov-23   16:48 )
  Karnataka Bank appoints Chief Risk officer
 ( Corporate News - 14-May-19   12:02 )
  Karnataka Bank standalone net profit rises 60.69% in the December 2018 quarter
 ( Results - Announcements 11-Jan-19   15:04 )
  Karnataka Bank opens new branch in Bengaluru
 ( Corporate News - 07-Nov-19   09:07 )
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