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