Total income during June quarter of 2019-20 rose to 1,829.16 crore from Rs 1,616.44 crore in the year-ago period, the bank said in a regulatory filing
The private lender expects to have at least Rs 3 trillion of total business by 2020
The bank had reported a net profit of Rs 121.54 crore in the April-June quarter of FY17
Total income during March quarter rose to Rs 1,606.19 crore in 2016-17
The clarification came a day after Karnataka Bank saw its shares soar by nearly 9%
Bank's net profit in corresponding Oct-Dec quarter of 2015-16 stood at Rs 97 crore
The bank saw advances grow 12.85% to Rs 36,611 crore and deposits by 8.64% to Rs 53,096 crore
LIC Mutual Fund chief executive said that combination of comprehensive range of products would create a great convenience to the investors
Private lender said the date of the issue will be fixed later at Rs 70 per share
The stock moved higher by 10% to Rs 123, bouncing back 12% from intra-day low of Rs 110 on BSE.
The bank's Managing Director and CEO Jayarama Bhat has envisaged an overall growth of 18.6% in the business