Karnataka Bank has posted an all-time high annual consolidated net profit of ₹507.99 crore for 2021-22 as against the last year’s ₹482.46 crore.
The net profit for the fourth quarter ending March 2022 was ₹130.20 crore as against the net profit of ₹31.36 crore for the corresponding fourth quarter of F.Y 2020-21, registering more than four times increase in the net profit, said a release from the bank.
In the meeting of the Board of Directors held on Friday here, the board approved the audited annual financial results for the period ending March 31, 2022 and recommended a dividend of 40% to be approved in the ensuing annual general meeting.
