Business turnover was up by 2.89 per cent to Rs 1.26 lakh crore. "Even though we are not an exception to many challenges and uncertainties triggered by the COVID-19 pandemic, this quarter turned out to be a dream quarter on account of all-time high quarterly net profit as well as operating profit," said Mahabaleshwara M S, managing director and CEO of Karnataka Bank. He said it was possible mainly on account of various cost reduction measures, robust treasury profit and a decent growth in interest income on account of improved interest spread Shares of Karnataka Bank closed at Rs 47.10 apiece on the BSE, up 3.52 per cent from the previous close.