Karnataka Bank Records All-Time High Profit of ₹418.95 Cr

Karnataka Bank announced its financial results for the quarter ended June 30, 2026, reporting a record-breaking net profit of ₹418.95 crores, a 43% year-on-year increase from ₹292.40 crores in the same quarter last year. The bank's aggregate business reached an all-time high of ₹1,97,006.62 crores. Deposits grew 7% YoY to ₹1,10,396.41 crores, while Gross Advances saw a significant 17% YoY growth to ₹86,610.21 crores. Net Interest Margin (NIM) improved by 38 basis points to 3.20%. Asset quality also showed marked improvement, with Gross Non-Performing Assets (GNPA) decreasing by 88 bps to 2.58% and Net Non-Performing Assets (NNPA) by 57 bps to 0.87%. The bank's Capital to Risk-weighted Assets Ratio (CRAR) stood strong at 21.10%. The bank highlighted its ongoing digital transformation and commitment to customer-centric solutions.