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Friday, May 22, 2015

Karnataka Bank Q4 net jumps 65.5%; to pay Rs. 5/share dividend

Karnataka Bank Ltd has recorded a net profit of Rs.134.42 crore in the fourth quarter of 2014-15 against a net profit of Rs.81.21 crore in the corresponding period of the previous fiscal, recording a growth of 65.52 per cent.

Net interest income of the bank during the period under review stood at Rs.291.32 crore (Rs.249.93 crore) and the other income stood at Rs.111.69 crore (Rs.113.98 crore).

Net profit for 2014-15 stood at Rs.451.45 crore against Rs.311.03 crore in 2013-14.

The board of the directors of the bank has recommended a dividend of Rs.5 per equity share of Rs.10 each for 2014-15.

Source : Thehindubusinessline

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