Karnataka Bank Q2 FY27: PAT up 37%, gross advances up 25%, asset quality improves
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Karnataka Bank reported Q2 FY27 profit after tax of Rs 436 crore, up 4% quarter on quarter and 37% year on year. Gross advances rose 6% quarter on quarter to Rs 92,015 crore and deposits rose 4% to Rs 1,15,117 crore. Gross bad loans fell to 2.27% from 2.58%, net bad loans to 0.74%, and coverage rose to 68.05%. NIM was 3.17%, ROA 1.26% and ROE 12.51%. Management targets NIM of 3% to 3.4%, cost to income of 52% to 55% and NNPA of 0.6% to 0.8%.
Profit growth, better loan assets and stronger coverage support sentiment, though quarterly margin slippage and credit costs remain watch points.