Karnataka Bank Posts Steady Q3, Less Stress Than Expected, Says Anand Rathi
A Karnataka Bank branch. (Source: BloombergQuint)

Karnataka Bank Posts Steady Q3, Less Stress Than Expected, Says Anand Rathi

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Lower treasury income and higher opex (one-time superannuation expense) led to an approximately 13% sequential decline in operating profit for Karnataka Bank Ltd. With the standstill on non-performing asset recognition, asset quality and provision coverage ratio improved.

Risks: High provisioning, large slippages from its agriculture and micro small and medium enterprises books.

Click on the attachment to read the full report:

Anand Rathi Karnataka Bank Q3 Result Review.pdf

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