Media Release
Mangaluru, Aug 12: In the meeting of the board of directors held on Tuesday, August 12 at Karnataka Bank’s head quarters Mangaluru, the board has approved the financial results for the quarter ended June 30, 2025.
Karnataka Bank has posted a net profit of Rs 292.40 crores for Q1 of FY26 as against Rs. 400.33 crores during the corresponding Q1 of FY 25.
The bank’s aggregate business (Gross) stood at Rs 1,77,509.19 crores for Q1 of FY26 compared to Rs 1,75,534.89 crores for Q1 of FY 25 registering a YoY growth of 1.12%. The aggregate deposits of the Bank stood at Rs 1,03,242.17 crores for Q1 of FY 26 as against Rs. 1,00,079.88 crores for Q1 of FY 25 with a YoY growth of 3.16%. Bank’s Gross advances stood at Rs. 74,267.02 crores as against Rs. 75,455.01 crores as of Q1 of FY25.
The operating profit of the bank stood at Rs. 467.29 crores and Net Interest Income stood at Rs 755.60 crore as at the quarter ended 30.06.2025.
The book quality is steadily improving with Gross NPAs declined to 3.46% at end of Q1 of FY26 compared to 3.54% in the corresponding Q1 of FY25. Net NPAs [NNPAs] stood at 1.44 % in Q1 of FY26 from 1.66% in the corresponding Q1 of FY25.
The Capital Adequacy Ratio of the Bank has further improved to 20.46% at end of Q1 of FY26 as compared to 17.64% at end of Q1 of FY25.
Announcing the results at the Bank’s Head Quarters at Mangaluru, Raghavendra S Bhat, managing director & CEO of the bank said “During the period, the bank has registered a moderate YoY growth in topline numbers. The investments made by the bank during last FY on development of infrastructure and processes will start showing results in the coming quarters. Our focus will continue to be in RAM segments along with improving the low-cost deposits. This will result in an improvement in spreads, and resultantly NII. Further, the bank is also pursuing its efforts to create quality credit assets and initiatives are there at all levels to restrict slippages and recover non-performing assets.
PERFORMANCE HIGHLIGHTS
(Rupees in Crore)
