Karnataka Bank’s Q1 net up 7.69 % to Rs 114 cr on improved interest margins

Karnataka Bank on Saturday reported a 7.7 per cent year on year (YoY) increase in net profit at Rs 114.05 crore in the quarter ending June 30, 2022 (Q1FY23), on improvement in interest margins.

Mangaluru-based private sector lender had posted a net profit of Rs 105.9 crore during the same period last year…