Karnataka Bank Ltd

Karnataka Bank Q3 Update: Strong Growth in Advances & Deposits 📈

- Gross advances grew 5% QoQ to ₹77,283.85 crores, with net book accretion of ₹962 crores

- Aggregate deposits increased to ₹1,04,111.52 crores

- Net interest income rose 8.8% QoQ to ₹792.06 crores

- NIM improved to 2.92% from 2.72% in Q2, with expectations to reach 3%+ in Q4

- CASA ratio improved to 31.53% from 31.01% in previous quarter

- Bulk deposits reduced to 4.8% of total deposits from 5.3% in Q2

- Targeting gross advances of ₹85,000 crores by FY26 end

- Targeting ROA of 1%+ in coming quarters

- Targeting cost-to-income ratio of 55-56% in coming quarters