CEO and CEO of Karnataka Bank and CEO Sikrishhnan Hari Hari Sarma announced the bank’s financial results for 2024-25 and Q4 after meeting the board of directors in Mangalur on Wednesday. | Photo Credit: Special Arrangement
Carnaka Bank’s net profits for 2024-25 and fourth quarter of FY 25 dropped slightly to 1,272.37 crore from 1 306.28 Crore and 252.37 Crore from 274.24 Crore.
However, the corresponding data from the previous year is not directly comparable for changes in the accounting policy for investment (according to the main direction issued by RBI) since April 2024. If the bank continued as a result of earlier accounting policies, net profit would be 372 CRORE for Q4 FY25 (Yoyoy by 35.6%) and 1.467 annual 3.3%), they would say 37.3%), which is, said that 3.3%), said it was stated by 35.6%). edition of the bank.
At its meeting on Wednesday, the Bank’s Board of Directors approved financial results for the quarter and the whole year ending 31. The bank has made a remarkable improvement in its three primary objectives of distribution network, improving the quality of asset book and trying to improve financial metrics.
The bank deposits were 1,04 807,49 CRORE 1 04 807,49 GBP, with 6.96%year -on -year growth, while gross progress was 77,958,72 crore, showing growth of 6.79%. Retail advances increased by 15.44%, while retail deposits improved to 93.4%. CASA deposits increased by 6.35%, out of 3.293 GBP Crore as in March 2024 to 33 281 Crore as in March 2025.
The CEO and CEO of Srikrishhnan Hari Hara Sarma, who announces the results here, said: “Karnataka Bank focuses on the development of retail, middle market and direct credit loan, which deals with a couple per year.
The Executive Director of Sechar Rao said: “FY25 was marked for a year by macroeconomic headwinds, tightening liquidity and pressure on pure interest margins.
Published – May 14, 2025 9:07
