07:32 15 May 2013 from Moneycontrol

Karnataka Bank Q4 down 19% at Rs 67cr

Karnataka Bank fourth quarter net profit down by 19 percent at Rs 67 crore compared with Rs 83 crore, a year ago. Its net interest income (NII) was up by 3 percent at Rs 221 crore versus Rs 214 crore, in the same quarter last year. Its...

07:18 15 May 2013 from Moneycontrol

Expect FY14 net interest margin around 3%: Karnataka Bank

Sharp rise in its employee costs dented Karnataka Bank's fourth quarter net profit that fell 19 percent year-on-year to Rs 67 crore. However, the bank improved on its credit quality front. According to Jayarama Bhat, Managing Director of the bank,...