Karnataka Bank posts ₹418.95 crore net profit in Q1
Karnataka Bank reported a significant increase in net profit to ₹418.95 crore for the first quarter of fiscal year 2026-27. The bank also saw improvements in asset quality and capital adequacy ratios compared to the previous year.
Why it matters
The financial results indicate a positive trend in the regional banking sector in India, reflecting improved lending practices and recovery mechanisms.
Karnataka Bank Ltd. on Wednesday announced a net profit of ₹418.95 crore for the first quarter of financial year 2026–27, as against ₹292.4 crore in the corresponding quarter of the previous year. Consequently, the bank’s return on assets (ROA) improved from 0.97% in the quarter ended June 2025 to 1.29% in the quarter ended June 2026.
At a meeting of the board of directors held in Mangaluru on Wednesday, the board approved the financial results for the quarter ended June 30, 2026. The bank’s aggregate deposits stood at ₹1,10,396.41 crore as on June 30, registering year-on-year growth of 7% from ₹1,03,242.17 crore as on June 30, 2025, while retail term deposits (RTD) stood at ₹69,410.29 crore in the quarter ended June 2026, as against ₹65,786.24 crore in the quarter ended June 2025.
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