The Karnataka Bank Limited — Important, 23-10-2024: General Updates

Karnataka Bank Ltd. reported a corrigendum for its Q2 FY25 results, correcting the Other Income figure to Rs. 270 crores. Key performance highlights include a 1.8% YoY increase in PAT to INR 336 Crores, but a QoQ decline of 16.1%. Gross NPAs decreased to 3.21%. They emphasized growth in retail deposits and advances, despite a focused reduction in low-yielding advances. The revised presentation is available on the bank's investor website.