Karnataka Bank Q2 Profit Jumps 37% to ₹436 Crore; Shares Rise 4%
Karnataka Bank reported September-quarter net profit of ₹436 crore, up 36.6% year on year from ₹319 crore. Its shares rose nearly 4% to ₹311.75 on the NSE at 3:09 p.m. on October 28.
Shares of Mangaluru-based Karnataka Bank rose nearly 4% to ₹311.75 on the NSE at 3:09 pm on October 28, gaining ₹11.70 after the bank reported its September-quarter results.The bank's net profit rose 36.6% year-on-year to ₹436 crore, compared with ₹319 crore in the corresponding quarter last year.N…