Mangaluru: Karnataka Bank posted a quarterly net profit of Rs 319.1 crore for the quarter ended on Sept. The net profit improved by 9.1% compared to the quarter that ended in June, with a net profit of Rs 292.4 crore.In the meeting of the board of directors held on Saturday at Mangaluru, the board approved the financial results for the quarter and the half-year that ended on Sept 30. Furthermore, for the half-year that ended on Sept, the net profit stood at Rs 611.5 crore, as against Rs 736.4 crore for the half-year that ended in Sept last year.For the quarter ending in Sept, the Net Interest Income stood at Rs 728.1 crore. The NPAs further moderated as the GNPAs reduced to 3.3% as against 3.4% as of June, while NNPAs also reduced to 1.3% as against 1.4% as of June.The aggregate business of the bank stood at Rs 1,76,461.3 crore (on a gross basis) for Q2FY26 compared to Rs 1,77,509.1 crore in Q1FY26. The aggregate deposits of the bank stood at Rs 1,02,817.19 crore in Q2FY26 as against Rs 1,03,242.1 crore as of Q1FY26. The bank’s gross advances stood at Rs 73,644.1 crore in Q2FY26 when compared to Rs 74,267 crore as of Q1FY26. However, there was growth in the RAM (Retail, Agri & MSME) segment of the bank. The CD ratio (gross) of the bank stood at 71.6%.The bank’s Capital Adequacy Ratio stood at 20.8% compared to 20.4% as of June. In line with RBI’s revised draft guidelines on Liquidity Coverage Ratio (LCR), the bank computed the same as on Sept 30, which stands at 188.1%.Announcing the results for Q2 FY26 at the bank’s head office in Mangaluru, Raghavendra S. Bhat, managing director & CEO, said, “During the quarter, the bank witnessed a marginal QoQ decline in topline performance but achieved improvement in asset quality. The bank is also actively working to build a high-quality credit portfolio, with initiatives across all levels aimed at minimising slippages and recovering Non-Performing Assets. Additionally, our Analytical Centre of Excellence (ACoE) has been instrumental in driving data-led transformation through the implementation of tools such as Retail Loan Propensity, Micro Market Analysis, Deposit Propensity, Primary Bank Index, Collection Prioritisation, and Behaviour Scorecard,” he said.
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