Karnataka Bank jumped 3.89% to Rs 160.25 after the aggregate deposits of private banks grew by 7.87% to Rs 84,592.60 crore as on December 31, 2022, from Rs 78424.86 crore in the same period of the previous year.
CASA deposits rose 9.95% to Rs 26,991.74 crore as of December 31, 2022, compared to Rs 24,549.42 crore in 2021. CASA shares to total deposits were 31.91% in the last month of 2022 compared with 31.30% in the same period of the previous year.
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Yearly, Gross advances grew by 12.37% to Rs 63,658.59 crore on December 31, 2022.
This commercial bank serves customers and the private sector across India. It has a presence across the urban, metro, rural centres and semi-urban.
On a consolidated basis, the net profit of the private sector bank surged 227.70% to Rs 411.63 crore on an 11.04% increase in total income to Rs 2,031.09 crore in July-September of FY23 over July-September of FY22.
