Karnataka Bank posts ₹290.79 crore net profit in Q3 FY26
The Hindu
Karnataka Bank reports ₹290.79 crore net profit in Q3 FY26, reflecting steady growth and improved asset quality.
Karnataka Bank posted a net profit of ₹290.79 crore during Q3 FY26 (October-December), compared to ₹283.60 crore in the corresponding quarter of the previous year and ₹319.12 crore as on Q2 FY26 (July-September).
The bank recorded a steady progress in aggregate business, which stood at ₹1,81,394.37 crore as on December 31, 2025, compared to ₹1,76,461.34 crore as on September 30, 2025, registering a 3% QoQ increase.
The Board of Directors of the bank, in the meeting held in Mangaluru on February 10, approved the financial results for the third quarter and nine months period which ended on December 31, 2025.
Bank’s gross advances stood at ₹77,282.85 crores, registering QoQ growth of 4.9%, and aggregate deposits stood at ₹1,04,111.52 crores registering QoQ growth of 1.3%, a release from the bank said.
Asset quality improved during the quarter, with GNPA declining to 3.32% as on December 31, 2025, compared to 3.33% as on September 30, 2025. Similarly, NNPA improved to 1.31% from 1.35% over the same period.
The Bank’s Capital Adequacy Ratio stood at 19.94% compared to 20.84% as of September 2025.
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