X

Karnataka Bank Ltd Q2FY24; 20% fall in Profits

Karnataka Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.

Financial Results:

  • Karnataka Bank Ltd reported Revenues for Q2FY24 of ₹2,027.00 Crores up from ₹1,771.00 Crore year on year, a rise of 14.46%.
  • Total Expenses for Q2FY24 of ₹1,874.00 Crores up from ₹1,439.00 Crores year on year, a rise of 30.23%.
  • Consolidated Net Profit of ₹330.00 Crores down 19.71% from ₹411.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹10.56, down 20.12% from ₹13.22 in the same quarter of the previous year.

Tags: Banking
Related Post