Karnataka Bank Reports Q2 Profit Surge To ₹435.86 Crore, Asset Quality Improves To 2.27% GNPA
Mumbai: Karnataka Bank on Wednesday reported a 36.56 per cent increase in its consolidated net profit, reaching ₹435.86 crore for the quarter ended 30 September 2026. This is up from ₹319.22 crore in the same period last year, according to its exchange filing. Income Rises The bank's total consolidated income for the reporting quarter rose to ₹2,793.96 crore. This compares with ₹2,522.58 crore…
Karnataka Bank announced a significant rise in its Q2 profit, reporting a consolidated net profit of ₹435.86 crore for the quarter ended 30 September 2026. This marks a notable 36.56% increase compared to ₹319.22 crore reported in the same period last year. The bank's total consolidated income also surged to ₹2,793.96 crore, up from ₹2,522.58 crore in the same quarter of the previous fiscal year.
In terms of profitability, the bank's standalone profit climbed 2.6% to ₹418.95 crore in Q1 FY27. The improvement in asset quality was evident as the Gross Non-Performing Assets (NPA) ratio decreased to 2.27% of gross advances as of 30 September 2026, down from 3.33% reported in the same period last year. Similarly, Net NPAs reduced to 0.74% of net advances, a decline from 1.35% in the previous year.
Comparing the quarterly performance, the bank recorded a 4.00% increase in consolidated net profit from ₹419.12 crore in the preceding quarter (Q1 FY27) to the current figure. Total income also saw a modest rise of 2.04% from ₹2,738.13 crore in the quarter ended 30 June 2026. Karnataka Bank's Capital Adequacy Ratio (Basel III) stood at 20.36% as of 30 September 2026, slightly lower than the 20.84% in the previous year.
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