Karnataka Financial institution on Thursday reported a 20 per cent decline in its web revenue to Rs 330 crore within the second quarter ended September. The lender had posted a web revenue of Rs 412 crore within the year-ago interval.
Whole earnings within the second quarter of the present fiscal rose to Rs 2,276 crore from Rs 2,031 crore in the identical interval a yr in the past, Karnataka Financial institution stated in a regulatory submitting. The online curiosity earnings (NII) of the financial institution improved to Rs 822 crore as in opposition to Rs 802 crore in September 2022.
The financial institution’s asset high quality confirmed marginal decline as gross non-performing property (NPAs) rose to three.47 per cent of gross advances on the finish of the September quarter from 3.36 a yr in the past.
Nonetheless, web NPAs or dangerous loans declined to 1.36 per cent as in opposition to 1.72 per cent within the year-ago interval.
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