For the full fiscal 2017-18, the bank said its net profit fell to Rs325.61 crore as against Rs452.26 crore. Photo: PTINew Delhi: Karnataka Bank on Tuesday reported a 92% slump in net profit at Rs11 crore for the March quarter due to multi-fold jump in provisioning for bad assets. During the same quarter of 2017, the bank had made a net profit of Rs138.37 crore. For the full fiscal 2017-18, the bank said its net profit fell to Rs325.61 crore as against Rs452.26 crore. Otherwise, the bank had reported a net profit of Rs452.26 crore for that financial year.

Source: Mint May 15, 2018 12:11 UTC