Karnataka Bank (KBL) reported Net Profits of Rs 135 cr, higher than our estimate of Rs 119cr led by decline in Cost of Deposits (CoD) of 66/11bps YoY/QoQ to 5.4% and lower provisions of Rs 214cr, down 32/34% YoY/QoQ. NIM expanded by 43bps to 3.26% leading NII growth of 21/7% YoY/QoQ, even as yields