Karnataka Bank Q1 results: Profit up 8% to Rs 400 crore, NII up 11%

quarter was lower at Rs 559 crore against Rs 601 crore, mainly due to 19% higher expenses against 12% rise in total income. Net interest income was 11% higher at Rs 903 crore.

The bank's gross advances stood at Rs 75,455 crore at the end of June, showing a near 20% year-on-year growth. Asset quality improved with gross non-performing assets ratio falling to 3.54% at end of the quarter under review from 3.68% a year back.

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Its aggregate deposits grew 15% to Rs 1 lakh crore.

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