The bank s gross non-performing assets (NPA) experienced a YoY increase of 36 basis points, reaching 3.64% in Q3 FY24. However, the net NPA recorded an 11-basis point decrease, declining to 1.55%.
Karnataka Bank s shares saw a significant decline of 7.39%, falling to ₹217 per share, in today s trading session, following the release of the bank s Q2FY24 financial results. This substantial drop represents the stock s most significant intraday decrease since September 12, 2023.