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Mangaluru: Karnataka Bank has posted a net profit of 313.89 crore for the first nine month period ended December 2016 against 308.50 crore for the corresponding period last year. For the stand alone third quarter ended December 2016, Bank has earned a net profit of 68.52 Crores as against9 6.91 crores during Q3 of 2015-16.
The Operating profit for the 9 months period ended December 2016, is 666.53 crores as against 600.16 crores during the corresponding period of the previous year, registering a growth of 11.06%.
The Net Interest Income for 9 months period ended December 2016 increased by 195.31 crores from 943.14 crores to 1138.46 crores registering y-o-y growth of 20.71 per cent.
Bank has clocked a business turnover of 93,222 crores as on 31-12-2016, registering a y-o-y growth of 12.87%. Deposits of the Bank rose to 57,435 crores registering y-o-y growth of 15.65%. Advances rose to 35,786 crores registering y-o-y growth of 8.68%.
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