(Reuters) - Shares of Karnataka Bank jumped as much as 20% on Wednesday, marking their biggest percentage gain in over 13 years, after the private lender reported a more-than-three-fold jump in quarterly profit.
Net profit soared to 4.12 billion Indian rupees ($49.8 million) in the quarter ended Sept. 30, from 1.26 billion rupees, a year earlier, the company reported after markets closed on Tuesday. ($1 = 82.6850 Indian rupees)
First Published: 02 Nov 2022, 10:34 AM IST