 "Karnataka Bank slumps on weak Q1 net profit")
However, net interest income for the first quarter increased 19% to Rs 331 crore compared with Rs 278 crore in the same quarter ended June 30, 2014, the release added.
"The bank is eyeing a business turnover of Rs 91,000 crore for the year 2015-16 comprising of deposits of Rs 53,500 crore and advances of Rs 37,500 crore. The bank aspires to be a major player in the banking industry and is in the process of unveiling its Vision 2020 document shortly," said MD & CEO, P Jayarama Bhat.
The share opened at Rs 146 and touched a low of Rs 142. At 12:15PM, over 3.5 million shares were traded on both the stock exchanges.
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