Mangalore-based Karnataka Bank today reported a growth of 16.03 per cent in its net profit at Rs 46.48 crore for the first quarter ended June 30.

It had a net profit of Rs 40.06 crore during the corresponding quarter of the previous fiscal, Karnataka Bank Ltd said in a filing to the Bombay Stock Exchange.

Also Read   Related Stories News Now - Alembic Q1 profit down 6% to Rs 11.48 crore - Federal Bank Q1 net profit slips - Aditya Birla Nuvo returns to profit of Rs 149 cr in Q1 - R-Infra June qtr net up 6% at Rs 375 cr - Emami June qtr net up twofold at Rs 35 cr - Reliance Power Q1 net down 26% to Rs 195 cr

Also Read   Related Stories News Now - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15% More

Karnataka Bank's percentage of gross non-performing assets (NPAs) went up to 3.84 per cent in the quarter ended June 30, against 3.74 per cent in the same quarter of 2009-10, it said.

Its percentage of net NPAs also increased during the first quarter to 1.20 per cent, from 0.95 per cent in the year-ago period, the filing added.

For the quarter ended June 30, Karnataka Bank reported a revenue of Rs 209.27 crore from its corporate banking segment. This is 23.62 per cent more than the figure of Rs 169.28 crore reported during the first quarter of 2009-10.

In the retail banking segment, its revenue during the quarter ended June 30 was Rs 203.08 crore, up 11.95 crore from Rs 181.40 crore in the corresponding quarter of the previous fiscal, Karnataka Bank's filing added.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

Tags : Karnataka Bank | Q1FY11 | financial results | corporate results | net profit   Read Business news in  Advertisements -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Journey on, We are by Your Side. Click here to know more -  Help a Child Achieve her. Click to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More