Brief: India's Karnataka Bank Dec-Qtr Net Profit Rises

Karnataka Bank

12/01/2021 09:02

Jan 12 (Reuters) - Karnataka Bank Ltd  KBNK.NS :
    * DEC-QUARTER NET PROFIT 1.35 BILLION RUPEES VERSUS 1.23
BILLION
RUPEES YEAR AGO
    * DEC-QUARTER INTEREST EARNED 15.96 BILLION RUPEES VERSUS
16.22
BILLION RUPEES YEAR AGO
    * DEC-QUARTER PROVISIONS AND CONTINGENCIES 2.14 BILLION
RUPEES
VERSUS 3.15 BILLION RUPEES YEAR AGO
    * DEC-QUARTER GROSS NPA 3.16% VERSUS 3.97% PREV QUARTER
    * DEC-QUARTER NET NPA 1.74% VERSUS 2.21% PREV QUARTER
    * PROVISION COVERAGE RATIO AS AT DECEMBER 31, 2020 STOOD AT
80.51%

Source text for Eikon:  ID:nBSE2h8hQ9 
Further company coverage:  KBNK.NS 

 ((Reuters.Briefs@thomsonreuters.com;))