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Karnataka Bank reports highest-ever quarterly net profit of Rs 196 cr in Q1

The bank had posted a net profit of Rs 175.42 crore during the corresponding period of the previous financial year, which also was its previous high in quarterly profit, it said in a release.

Karnataka Bank
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Its total income during the April-June 2020 quarter rose to Rs 2,134.63 crore, from Rs 1,794.33 crore a year ago, it said. | Photo: Wikimedia Commons

Press Trust of India New Delhi

Private sector lender Karnataka Bank on Friday said it has clocked its highest-ever quarterly net profit of Rs 196.38 crore in the first quarter ended June, on the back of various cost-cutting measures and healthy core income growth.

The bank had posted a net profit of Rs 175.42 crore during the corresponding period of the previous financial year, which also was its previous high in quarterly profit, it said in a release.

"Karnataka Bank posted an all-time high quarterly net profit of Rs 196.38 crore, during Q1 of 2020-21 as against the previous high of Rs 175.42 crore recorded during Q1 of