Karnataka Bank Ltd.

NSE: KTKBANK | BSE: 532652 | ISIN: INE614B01018 | Industry: Banks
| Mid-range Performer
200.0600 -1.55 (-0.77%)
NSE Apr 25, 2025 15:31 PM
Volume: 1.8M
 

200.06
-0.77%
Choice India
Q4FY18 has been remained challenging for banking industry and Karnataka Bank Ltd. (KBL) is no exception as the RBI released strict norms during Feb'2018 in order to fasten the pace of NPAs recognition and resolution of stressed assets. KBL has recognized outstanding SDR exposure of Rs1.9bn and S4A exposure of Rs3.44 bn as NPAs in Q4FY18. Provisioning against NCLT a/c of worth Rs3.19 bn (already recognized as NPA) increased to Rs1.64 bn with PCR increased to 53% v/s ~27% in previous quarter. Furthermore, the bank recognized MTM losses on investment portfolio despite RBI's dispensation on spreading the losses across next four...
Karnataka Bank Ltd. has an average target of 278.67 from 6 brokers.
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