Karnataka Bank Ltd registered a net profit of ₹123.82 crore in the second quarter of 2016-17 as against a profit of ₹102.25 crore in the corresponding period of the previous fiscal, recording a growth of 21.09 per cent.
Provisions (other than tax) and contingencies stood at ₹130.55 crore during Q2 of 2016-17 as against ₹35.07 crore in the corresponding period of 2015-16.
The net interest income (NII) of the bank stood at ₹397.25 crore (₹306.89 crore) during the period.
The other income of the bank increased to ₹189.70 crore (₹121.01 crore) during the quarter under review.
The gross NPA (non-performing asset) and net NPA of the bank stood at 3.64 per cent (3.18 per cent) and 2.63 per cent (1.96 per cent), respectively, during the period.
The bank informed BSE on Wednesday that the financial results of the bank were taken on record by the board of directors of the bank at its meeting on November 9.