Karnataka bank – private bank @ public sector valuation

(GSrikan) #122

Yes. There is no mention of how much % of provisions were made towards that fraud.

It would have been surely recognized as NPA. The only question would be whether 100% provision is made or not.

The worst part of the results is 60-70% NPA divergence and there is no comment on it in the press release. With 2016 audit revealing 0% divergence and 2017 audit huge divergence, it makes no sense.

(..pd..) #123

Asking the questions is concall makes sense?

(Divyanshu Taneja) #124

You rightly pointed out @GSrikan regarding divergence in npas is it a redflag on management credentials

(Batterinram) #125

Other negatives that I noticed
Deposit growth was only 10.8% bank has been able to achieve credit growth of over 20% through significant improvement CD ratio. So there is limited scope for the bank to leverage this further.CASA ratio is down. Capital adequacy is down if this continues there will be another round of equity dilution