Karnataka Bank Q1 FY26 net profit at Rs 292.40 crore

Karnataka Bank Q1 FY26 net profit at Rs 292.40 crore

Mangalore Today News Network

Mangaluru, Aug 13, 2025: At the Board of Directors meeting held on Wednesday, August 12, at the Bank’s headquarters in Mangaluru, Karnataka Bank approved the financial results for the quarter ended June 30, 2025.

The Bank reported a net profit of ₹292.40 crore for Q1 of FY26, compared to ₹400.33 crore in Q1 of FY25.

Aggregate business stood at ₹1,77,509.19 crore for Q1 FY26, up from ₹1,75,534.89 crore in Q1 FY25, reflecting a year-on-year growth of 1.12%. Deposits rose to ₹1,03,242.17 crore, a 3.16% YoY increase from ₹1,00,079.88 crore. Gross advances were ₹74,267.02 crore, compared to ₹75,455.01 crore in Q1 FY25.

Operating profit for the quarter was ₹467.29 crore, while net interest income stood at ₹755.60 crore. Asset quality improved, with gross NPAs declining to 3.46% from 3.54% and net NPAs reducing to 1.44% from 1.66% YoY. The Capital Adequacy Ratio rose to 20.46% from 17.64% in the same period last year.

Announcing the results, Managing Director & CEO Shri Raghavendra S. Bhat said:

  “The Bank recorded moderate year-on-year growth in topline numbers. Investments made last financial year in infrastructure and processes will begin to yield results in the coming quarters. We remain focused on RAM segments and on improving low-cost deposits, which will enhance spreads and NII. Our efforts to build quality credit assets, restrict slippages, and recover NPAs are ongoing. Growth is a continuous journey, and we remain committed to all stakeholders.”