Karnataka Bank has registered a 72.3 per cent growth in net profit in the third quarter of the current financial yearat Rs.280.69 crore against Rs.162.91 crore in the corresponding period in the previous year.
Total business has increased by Rs.8,549 crore from Rs.49,475 crore to Rs.58,024 crore, registering a year-on-year growth of 17.3 per cent.
Current account, savings account (CASA) increased by Rs.975 crore from Rs.7,138 crore to Rs.8,114 crore.
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The bank earned a total income of Rs.3,072 crore for the nine months ended December 2012 as against Rs.2,492 crore in the year-ago period, a growth of 23.3 per cent.
P. Jayarama Bhat, Managing Director and CEO, said in a release that the bank was focusing on retail loan book and that the yield was consistent due to the “retail loan push”. The bank was eyeing a business turnover of Rs.65,000 crore for 2012-13, he said in the release.