Mangaluru: Karnataka Bank reported a 37% year-on-year rise in net profit to ₹435.89 crore for the quarter ended Sept 30, compared with Rs 319.12 crore in the corresponding quarter last year. The bank’s aggregate business reached an all-time high of Rs 2,07,132.41 crore, according to the financial results approved by its board of directors at a meeting held in Mangaluru on Wednesday.Commenting on the performance, Karnataka Bank managing director and CEO Raghavendra S Bhat said the record aggregate business and net profit reflected the bank’s focus on steady growth, financial discipline and customer-centric banking.He said the improvement in asset quality was supported by disciplined underwriting, stronger recovery measures and continuous monitoring of credit portfolios. The bank was also accelerating its digital transformation by upgrading its technology infrastructure and using data-driven insights to improve customer journeys and internal productivity, he added.Executive director Biji SS attributed the bank’s performance to disciplined execution, a strong operational foundation and the commitment of its employees. She said the bank would continue to focus on collection efficiency, customer engagement, technology advancements and employee capability-building.