The bank had reported a net profit of Rs 121.54 crore in the April-June quarter of 2016-17.
The total income of the bank increased to Rs 1,547.93 crore as against Rs 1,434.96 crore a year ago, it said in a regulatory filing.
Provisions to cover bad loans and contingencies increased to Rs 198.88 crore for the June quarter of 2017-18 from Rs 136.31 crore a year ago.
Net NPAs were 3.20 per cent, up from 2.61 per cent a year ago.
"The encouraging growth in advance and the resultant increase in operating profit are two major achievements which will set tone for future growth story," the bank's Managing Director and CEO Mahabaleshwara M S said.
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