<p>New Delhi: Private sector lender Karnataka Bank on Tuesday reported a 10 per cent rise in net profit to Rs 331 crore for the third quarter ended December 2023.</p>.<p>The bank had earned a net profit of Rs 301 crore in the October-December quarter of 2022.</p>.<p>The total income increased to Rs 2,439 crore in the third quarter of the current fiscal compared to Rs 2,055 crore in the year-ago period, Karnataka Bank said in a regulatory filing.</p>.<p>In the latest quarter, the bank's interest income rose to Rs 2,113 crore from Rs 1,851 crore in the same period last fiscal.</p>.<p>However, the net interest income declined to Rs 828 crore from Rs 835 crore at the end of the third quarter of last year.</p>.Axis Bank Q3 net profit rises to Rs 6,071 crore.<p>The gross non-performing asset (NPA) ratio declined to 3.64 per cent as of December 31, 2023. In the year-ago period, it stood at 3.28 per cent.</p>.<p>However, the net NPA declined to 1.55 per cent compared to 1.66 per cent at the end of December 2022.</p>.<p>The provision coverage ratio stood at 80.75 per cent at the end of December 2023.</p>.<p>The bank clocked a business turnover of Rs 1,61,936 crore, registering a growth of 9.22 per cent, with advances of Rs 69,741 crore and deposits of Rs 92,195 crore.</p>.<p>The net interest margin came down to 3.46 during the quarter against 3.81 per cent at the end of the third quarter of the previous fiscal. </p>
<p>New Delhi: Private sector lender Karnataka Bank on Tuesday reported a 10 per cent rise in net profit to Rs 331 crore for the third quarter ended December 2023.</p>.<p>The bank had earned a net profit of Rs 301 crore in the October-December quarter of 2022.</p>.<p>The total income increased to Rs 2,439 crore in the third quarter of the current fiscal compared to Rs 2,055 crore in the year-ago period, Karnataka Bank said in a regulatory filing.</p>.<p>In the latest quarter, the bank's interest income rose to Rs 2,113 crore from Rs 1,851 crore in the same period last fiscal.</p>.<p>However, the net interest income declined to Rs 828 crore from Rs 835 crore at the end of the third quarter of last year.</p>.Axis Bank Q3 net profit rises to Rs 6,071 crore.<p>The gross non-performing asset (NPA) ratio declined to 3.64 per cent as of December 31, 2023. In the year-ago period, it stood at 3.28 per cent.</p>.<p>However, the net NPA declined to 1.55 per cent compared to 1.66 per cent at the end of December 2022.</p>.<p>The provision coverage ratio stood at 80.75 per cent at the end of December 2023.</p>.<p>The bank clocked a business turnover of Rs 1,61,936 crore, registering a growth of 9.22 per cent, with advances of Rs 69,741 crore and deposits of Rs 92,195 crore.</p>.<p>The net interest margin came down to 3.46 during the quarter against 3.81 per cent at the end of the third quarter of the previous fiscal. </p>