Financial Daily from THE HINDU group of publications
Saturday, Oct 30, 2004
Financial Daily from THE HINDU group of publications Saturday, Oct 30, 2004 |
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Money & Banking
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Financial Performance Corporate Results - Private Banks Karnataka Bank Q2 profit slips Our Bureau
MANGALORE: Karnataka Bank Ltd has registered a net profit of Rs 31.28 crore in the second quarter of the current financial year compared to Rs 34.43 crore during the same period last year. The Chairman and Chief Executive Officer of the bank, Mr Anantakrishna, told Business Line that treasury income was less during the period and this resulted in lower profit. The bank posted a net profit of Rs 70.01 crore during the first half of the current fiscal compared to Rs 69.17 crore during the corresponding period in the previous year.
Mr Anantakrishna said that the Internet banking facility is likely to be launched in December. The bank registered an operating profit of Rs 195.57 crore (Rs 190.80 crore). This figure stood at Rs 78.34 crore during the second quarter (Rs 77.9 crore). The bank, which is eyeing a business turnover of Rs 17,000 crore for the current financial year, mobilised Rs 9,251 crore of deposits and Rs 4,810 crore of advances at the close of first half, it added.
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