Karnataka Bank’s shares closed at ₹323.90 on the NSE, down 1.55% after the bank reported a 24.94% jump in gross advances to ₹92,014.58 crore and an 11.98% rise in deposits to ₹1.15 lakh crore.
The advance surge of ₹18,370.43 crore brings the quarter’s total to ₹92,014.58 crore, up 6.24% from ₹86,610.21 crore at the end of June, signalling robust credit expansion.
Deposits climbed ₹12,320.86 crore year‑on‑year to ₹1,15,138.05 crore, a 4.30% rise from ₹1,10,396.41 crore in the June quarter, and a 11.98% increase on the full year.
CASA deposits, a key driver of deposit growth, increased 14.88% YoY to ₹36,626.38 crore, improving the bank’s CASA share of total deposits to 31.81% from 31.01% a year earlier.
Karnataka Bank noted that its business figures are provisional and will be subject to a limited audit review, which may affect the final numbers.
The bank will publish its full financial statements and audit report in due course, marking the next milestone for investors as they assess profitability and potential guidance for the next quarter.