Karnataka Bank gains after Q4 PAT jumps 62% to Rs 408 cr
Mumbai, May 20 -- The bank reported a standalone net profit of Rs 408.19 crore in Q4 FY26, up 61.74% YoY and 40.37% QoQ.
Total income fell 2.4% YoY to Rs 2,656.18 crore in Q4 FY26 while increasing 5.31% QoQ from Rs 2,522.35 crore.
Net interest income (NII) for the quarter stood at Rs 842.95 crore in Q4 FY26, up 7.98% YoY from Rs 780.68 crore in Q4 FY25 and 6.43% QoQ from Rs 792.06 crore in Q3 FY26. Net interest margin (NIM) improved to 3.07% in Q4 FY26 from 2.98% in Q4 FY25 and 2.92% in Q3 FY26.
The bank's provisions (other than tax) and contingencies surged 190.67% to Rs 90.34 crore in Q4 FY26 as against Rs 31.08 crore in Q4 FY25.
Operating profit stood at Rs 615.04 crore in Q4 FY26, up 64% YoY from Rs 375.02 crore in Q4 FY25 and 36....
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.