<p>New Delhi: Karnataka Bank on Thursday reported a 20 per cent decline in its net profit to Rs 330 crore in the second quarter ended September.</p>.<p> The lender had posted a net profit of Rs 412 crore in the year-ago period.</p>.<p> Total income in the second quarter of the current fiscal rose to Rs 2,276 crore from Rs 2,031 crore in the same period a year ago, Karnataka Bank said in a regulatory filing.</p>.<p> The net interest income (NII) of the bank improved to Rs 822 crore as against Rs 802 crore in September 2022.</p>.<p> The bank's asset quality showed marginal decline as gross non-performing assets (NPAs) rose to 3.47 per cent of gross advances at the end of the September quarter from 3.36 per cent a year ago.</p>.<p> However, net NPAs or bad loans declined to 1.36 per cent as against 1.72 per cent in the year-ago period. </p>
<p>New Delhi: Karnataka Bank on Thursday reported a 20 per cent decline in its net profit to Rs 330 crore in the second quarter ended September.</p>.<p> The lender had posted a net profit of Rs 412 crore in the year-ago period.</p>.<p> Total income in the second quarter of the current fiscal rose to Rs 2,276 crore from Rs 2,031 crore in the same period a year ago, Karnataka Bank said in a regulatory filing.</p>.<p> The net interest income (NII) of the bank improved to Rs 822 crore as against Rs 802 crore in September 2022.</p>.<p> The bank's asset quality showed marginal decline as gross non-performing assets (NPAs) rose to 3.47 per cent of gross advances at the end of the September quarter from 3.36 per cent a year ago.</p>.<p> However, net NPAs or bad loans declined to 1.36 per cent as against 1.72 per cent in the year-ago period. </p>