Mangaluru: Karnataka Bank has reported a record annual net profit of Rs 1,310.5 crore for the financial year 2025-26. The bank also achieved significant progress in its full-year FY26 financials, with an all-time high aggregate business of Rs 1,92,118.6 crore. During a board meeting held in Mangaluru on Tuesday, the directors approved the audited annual financial results for the quarter and full year ended March 31, and proposed a dividend of 50%, subject to approval at the forthcoming Annual General Meeting (AGM).
Deposit and Loan Growth
The bank's aggregate deposits stood at Rs 1,08,778.8 crore as of March 31, registering a quarter-on-quarter (QoQ) growth of 4%. Current Account and Savings Account (CASA) deposits grew by 11% QoQ to Rs 36,559.7 crore, resulting in a CASA ratio of 33.61%. Gross advances reached Rs 83,339.9 crore, reflecting an 8% QoQ growth.
Management Commentary
Raghavendra S Bhat, Managing Director and CEO of Karnataka Bank, stated that the bank has achieved an all-time high annual net profit, underscoring the strength of its resilient business model, focused growth strategy, and continued emphasis on operational efficiency. He expressed confidence in sustaining this momentum in the coming years.
Outlook
The bank's robust performance in FY 2025-26 positions it well for future growth. With a strong deposit base and expanding loan book, Karnataka Bank aims to further enhance its market presence and shareholder value.
