Karnataka Bank Posts Rs 3.19 Bn Net Profit in Q2 FY26, Up 9% QoQ

11 Nov 2025 CW Team

Karnataka Bank has reported a quarterly net profit of Rs 3.19 billion for the quarter ended September 2025, marking a 9.1 per cent QoQ increase compared to Rs 2.92 billion in Q1 FY26. The Board of Directors approved the financial results for the quarter and half year at its meeting held in Mangaluru.

For the half year ended September 2025, the Bank recorded a net profit of Rs 6.11 billion, compared with Rs 7.36 billion reported during the same period last year.

In Q2 FY26, the Bank’s Net Interest Income (NII) stood at Rs 7.28 billion. Asset quality improved further, with Gross NPA reducing to 3.33 per cent (from 3.46 per cent in June 2025) and Net NPA declining to 1.35 per cent (from 1.44 per cent in June 2025).

The Bank’s aggregate business stood at Rs 1.76 trillion on a gross basis, compared with Rs 1.77 trillion in Q1 FY26. Aggregate deposits were Rs 1.02 trillion (vs. Rs 1.03 trillion in Q1), while Gross Advances stood at Rs 736 billion (vs. Rs 742 billion). Despite a marginal dip in advances, the Bank recorded growth in its RAM (Retail, Agriculture & MSME) portfolio. The Credit–Deposit Ratio stood at 71.63 per cent.

Karnataka Bank continued to maintain strong capital buffers, with a Capital Adequacy Ratio (CAR) of 20.84 per cent, up from 20.46 per cent as of June 2025. As per RBI’s revised draft guidelines, the Liquidity Coverage Ratio (LCR) as of 30 September 2025 stood at 188.16 per cent.

Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said, “During the quarter, the Bank witnessed a marginal decline in topline performance but recorded further improvement in asset quality. Our focus will continue to remain on the RAM segments, while we strengthen our low-cost deposit base. These efforts will help improve spreads and enhance NII going forward.”

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..