Karnataka Bank share price jumps 11%

Karnataka Bank share price jumps 11%

Karnataka Bank's share price jumped 11 percent intraday on January 12 after the company posted robust Q3 numbers.

Its Q3 net profit rose 10 percent YoY to Rs 135.4 crore versus Rs 123.1 crore and net interest income rose 20.8 percent at Rs 614 crore against Rs 507.7 crore.

Its net NPA was 1.74% versus 2.21% and gross NPA 3.16% versus 3.97%, QoQ. In the absolute term, gross NPA was Rs 1,706.6 crore against Rs 2,188.8 crore.

Provisions stood at Rs 214.2 crore versus Rs 322.1 crore (QoQ) and Rs 314.7 crore (YoY).

At 14:44 hrs Karnataka Bank was quoting at Rs 68, up to Rs 3.85, or 6 percent on the BSE.