Karnataka Bank posted a net profit of Rs31.36cr for the quarter ending March 2021, as against the net profit of Rs27.31cr for the corresponding fourth quarter of 2019-20 - registering a YoY growth of 14.83%.
The bank posted an all-time high annual net profit of Rs482.57cr for the FY20-21 as against the last year's Rs431.78cr - witnessing a yoy growth of 11.76%.
The lender's net interest income was at Rs459.14cr in Q4FY21 declining by 13.25% from Rs529.30cr a year ago same period. In the full year FY21, the bank posted an NII of Rs2,183.18cr up by 7.53% from Rs2,030.36cr of FY20.
The Non-Performing Assets [NPA] have also moderated. The GNPAs [Gross Non-Performing Assets] of the Bank stood at Rs2,588.41cr constituting 4.91 % as of March 31, 2021 as against Rs2,799.93cr constituting 4.82% as on March 31, 2020.
The business turnover of the Bank was at Rs1,27,348.56cr as on March 31, 2021. The deposits of the Bank stood at Rs75,654.86cr and advances at Rs51,693.70cr. The CASA deposits grew by 14.80% and reached an all-time high of 31.49% of total deposits as of 31-03-2021, as against 28.91% as of 31.03.2020.
At around 2.22 PM, Karnataka Bank was trading at Rs65.95 per piece down by 8.3% on Sensex. The stock has plunged to an intraday low of Rs65.60 per piece.