- Wealth PMS (50L+)
When the banking sector is going through turbulent times due to NPA, Karnataka Bank has somehow managed to stay profitable and have posted net profits of 121.54 Crs, up by 11.16% YoY.
When banks like Canara and Syndicate are struggling to give positive growth compared to last year same quarter, Karnataka Bank has managed to post 11.16% growth in net profit and income increase of 6.44%.
The stock which opened at Rs 153 on the results day, closed at 146.60, down by 4.18%, after a dissapointment in terms of earnings growth and NPAs.
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