Sat Nov 08 19:16:06 UTC 2025: Here’s a summary of the text, followed by a news article based on the information:

Summary:

The article reports on Karnataka Bank’s financial performance for the quarter and half-year ending September 2025. The bank posted a net profit of ₹319.12 crore for the quarter, a 9.1% increase from the previous quarter. However, the half-year net profit was lower than the same period last year. While overall business and deposits saw slight decreases, the bank’s asset quality improved, with reductions in both gross and net non-performing assets (NPAs). The bank is focusing on retail, agriculture, and MSME (RAM) segments, and using analytics to improve decision-making and efficiency.

News Article:

Karnataka Bank Reports 9.1% Increase in Quarterly Net Profit

Mangaluru, November 9, 2025 – Karnataka Bank announced a net profit of ₹319.12 crore for the quarter ending September 2025, marking a 9.1% increase compared to the ₹292.40 crore reported in the previous quarter. The bank’s board of directors approved the financial results during a meeting held in Mangaluru on Saturday.

While the quarterly performance showed improvement, the bank’s net profit for the half-year ending September 2025 stood at ₹611.52 crore, lower than the ₹736.40 crore recorded for the same period last year.

Despite a slight decrease in overall business and deposits, Karnataka Bank reported positive developments in asset quality. Gross Non-Performing Assets (GNPAs) decreased to 3.33% from 3.46% in the previous quarter, and Net Non-Performing Assets (NNPAs) also declined to 1.35% from 1.44%.

Raghavendra S. Bhat, Managing Director and CEO of Karnataka Bank, stated that the bank will continue to focus on the retail, agriculture, and MSME (RAM) segments to boost net interest income (NII). He also highlighted the bank’s use of analytics to improve efficiency and decision-making through its Analytical Centre of Excellence (ACoE).

“The bank is also actively working to build a high-quality credit portfolio, with initiatives across all levels aimed at minimising slippages and recovering NPAs,” Bhat said. “Our mission and vision remains clear and steadfast as we continue to pursue, our objectives with renewed focus and energy.”

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