India's Karnataka Bank gains on Q1 profit climb

Karnataka Bank

25/07/2024 09:48

** Shares of Karnataka Bank  KBNK.NS  gain ~2% at 232.51
rupees 
    ** Lender's Q1 net profit climbs 8% Y/Y; 16% Y/Y interest
income growth 
    ** Gross non performing assets as a percentage to total
loans improved to 3.54% from 3.53% previous qtr
    ** Stock, however, down 0.5% YTD after three straight annual
gains
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))