THE KARNATAKA BANK LTD
Article Abstract:
The Karnataka Bank Ltd of Mangalore has posted a 36 percent growth in its deposits for 1997-98. Its capital adequacy ratio is 13.23 percent and its net non performing assets is 3.06 percent of its net credit for 1997-98. (rk) --------------------------------------------------------- Audited Financial Results: The Karnataka Bank Ltd (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Deposits 3408.35 2510.59 --------------------------------------------------------- Advances 1818.29 1449.69 --------------------------------------------------------- Investments 1258.26 833.64 --------------------------------------------------------- Gross income 477.78 372.27 --------------------------------------------------------- Total expenditure 375.69 288.25 --------------------------------------------------------- Operating profit 102.09 84.02 --------------------------------------------------------- Net profit 58.16 40.71 --------------------------------------------------------- Earnings per share (Rs) 43.07 30.15 --------------------------------------------------------- Book Value (Rs) 168.92 131.43 ---------------------------------------------------------
Comment:
Posts 36% growth in deposits & capital adequacy ratio is 13.23% & net non performing assets is 3.06% for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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KARNATAKA BANK's NET PROFIT RISES 43%
Article Abstract:
Karnataka Bank Ltd of Mangalore, which is celebrating its platinum jubilee, has posted a 43 percent rise in its net profit to Rs58.16 crore in 1997-98 (Rs40.71 crore in 1996-97). Its gross profit was Rs102.09 crore. Deposits increased by 36 percent to Rs3,408.35 crore (Rs2,510.59 crore). Advances increased by 26 percent to Rs1,818.29 crore. Foreign exchange turnover rose by 27 percent to Rs2,430.86 crore. Its disbursements increased by 43 percent to Rs1,610.43 crore. (gs)
Comment:
Posts a 43% net profit to Rs58.16 crore in 1997-98 an increase as compared to Rs40.71 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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KARNATAKA BANK PROFIT UP
Article Abstract:
Karnataka Bank has posted a net profit of Rs41.85 crore for the nine months ended December 1998. Its deposits increased by 28 percent to Rs3659.96 crore while advances grew by 17 percent to Rs1814.48 crore. The bank's investments increased by 24.79 percent to Rs1633 crore. It has declared earnings per share of Rs41.33. (khr)
Comment:
Karnataka Bank has posted a net profit of Rs41.85 crore for the nine months ended December 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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