Karnataka Bank is India's twelfth largest private sector bank. It is an 'A' Class Scheduled Commercial Bank based in Mangaluru in Karnataka. The bank has a network of 858 branches, 1 Extension Counter, 952 ATMs, and 479 e-lobbies/mini e-lobbies across 22 states and 2 union territories. In its second-quarter FY2022 conference call, the company appeared extremely positive on the credit growth momentum. The management expects double-digit growth in the third quarter and anticipates achieving a projected growth rate of 15% by March 2022. The bank has also been able to bring down its gross NPA in the last four quarters not only in percentage but an absolute number as well. Its slippage ratio stood at 0.88% in September 2021 quarter. In FY2021, the same was 2.44%. Karnataka Bank’s stress advances portfolio continues to come down quarter on quarter. From Rs 2,245.75 crore in June 2021, SMA-2 portfolio has declined 28.8% to Rs 1,599.73 crore in September 2021 quarter. Net interest income (or NII) and net interest margin (or NIM) have steadily risen over the last three quarters. The lower delinquency rate, pick-up in earnings, improving asset quality, better economic environment, and declining pandemic-related disruptions augur well for the bank.
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Reputation: 9,110 • Nov 16, 2021 5:23 AM
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NSE:KTKBANK price when posted: 77.05