Karnataka Bank Q4 results: PAT jumps 171%, dividend declared; appoints new MD and CEO2 min read 26 May 2023, 09:35 PM IST
Karnataka Bank posted a healthy fourth quarter for FY23, despite sharp spike in provisions. Sequentially, the lender's gross NPA picked up. The bank has declared a dividend for the said fiscal.
Mangalore-based private sector lender, Karnataka Bank's net profit more than doubled to ₹353.75 crore in the fourth quarter of FY23 on a year-on-year basis. This is despite a sharp increase in provisions, and also gross NPA jumped sequentially.
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