The Board of Karnataka Bank has designated Raghuram HS, Deputy General Manager, as the Chief Risk Officer (CRO) of the Bank effective from 08 June 2022, in place of Ramesh S.

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Karnataka Bank announced that the Board of Directors of the Company at its meeting held on 27 May 2022, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Net profit of Karnataka Bank rose 315.18% to Rs 130.20 crore in the quarter ended March 2022 as against Rs 31.36 crore during the previous quarter ended March 2021. Total Operating Income rose 11.38% to Rs 1578.78 crore in the quarter ended March 2022 as against Rs 1417.49 crore during the previous quarter ended March 2021.

For the full year,net profit rose 5.29% to Rs 507.99 crore in the year ended March 2022 as against Rs 482.46 crore during the previous year ended March 2021. Total Operating Income declined 0.17% to Rs 6221.66 crore in the year ended March 2022 as against Rs 6232.41 crore during the previous year ended March 2021.

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Net profit of Karnataka Bank rose 315.52% to Rs 130.35 crore in the quarter ended March 2022 as against Rs 31.37 crore during the previous quarter ended March 2021. Total Operating Income rose 11.38% to Rs 1578.78 crore in the quarter ended March 2022 as against Rs 1417.49 crore during the previous quarter ended March 2021.

For the full year,net profit rose 5.40% to Rs 508.62 crore in the year ended March 2022 as against Rs 482.57 crore during the previous year ended March 2021. Total Operating Income declined 0.17% to Rs 6221.66 crore in the year ended March 2022 as against Rs 6232.41 crore during the previous year ended March 2021.

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