Karnataka Bank Reports Mixed Q3 Performance: NPA Rises, Profits Strong

Karnataka Bank has released its Q3 FY25 financial results, reporting a net profit of ₹284 crore, a 14.3% decrease from ₹331 crore in the same quarter last year. Operating profit also declined by 20% to ₹433 crore, with net interest income falling by 4.2% to ₹793 crore. The net interest margin for the quarter was 3.02%, down from 3.48% previously. On a positive note, asset quality improved, with the gross non-performing assets ratio decreasing to 3.11% from 3.64% a year earlier. Gross advances grew by 11.6% year-on-year to ₹77,860 crore, while total deposits increased by 8.59% to ₹1 lakh crore.