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

Karnataka Bank

26/05/2021 13:24

May 26 (Reuters) - Karnataka Bank Ltd  KBNK.NS :
    * MARCH-QUARTER NET PROFIT 313.6 MILLION RUPEES VERSUS 273.1
MILLION RUPEES YEAR AGO
    * MARCH-QUARTER INTEREST EARNED 14.17 BILLION RUPEES VERSUS
16.39
BILLION RUPEES YEAR AGO
    * MARCH-QUARTER PROVISIONS AND CONTINGENCIES 3.42 BILLION
RUPEES
VERSUS 3.57 BILLION RUPEES YEAR AGO
    * MARCH-QUARTER GROSS NPA 4.91% VERSUS 3.16% PREV QUARTER
    * MARCH-QUARTER NET NPA 3.18% VERSUS 1.74% PREV QUARTER
    * PROVISION COVERAGE RATIO AS AT MARCH 31 STOOD AT 70.05%
    * RECOMMENDS DIVIDEND 1.8 RUPEES PER SHARE

Source text for Eikon:  ID:nBSE4f13bL 
Further company coverage:  KBNK.NS 

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