Date:28/10/2005 URL: http://www.thehindubusinessline.com/2005/10/28/stories/2005102802320600.htm

Back Karnataka Bank Q2 net up 34 pc

Our Bureau

Mangalore , Oct 27

KARNATAKA Bank Ltd has registered net profit of Rs 41.81 crore for the second quarter of the current fiscal against Rs 31.28 crore in the corresponding previous period, recording growth of 33.66 per cent.

A bank release said on Thursday that the bank posted net profit of Rs 83.50 crore for the first half against Rs 70.01 crore earlier.

Total income during the second quarter increased to Rs 285.25 crore (Rs 243.15 crore). Net interest income stood at Rs 76.36 crore (Rs 94.67 crore). Total expenditure stood at Rs 219.94 crore (Rs 164.81 crore).

Total turnover stood at Rs 18,309 crore, including deposits of Rs 11,572 crore.

The release said that the bank has targeted turnover of Rs 20,000 crore for the current fiscal.

The Internet banking channel of the bank, called `Money Click', will be launched on October 28, the release added.

On Thursday, the bank's scrip closed at Rs 92.55 on the BSE, down 6.47 per cent from the previous close of Rs 98.95.