Karnataka Bank profit jumps 62% on strong Q4 performance, asset quality gains
Private sector Karnataka Bank reported a 62% jump in fourth quarter net profit at Rs 408 crore as compared with Rs 252 crore in the year ago period. Its pre-provision operating profit stood 64% higher at Rs 615 crore against Rs 375 crore. Provisions were Rs 90 crore against Rs 31 crore earlier. The bank’s…