India's Karnataka Bank set for worst day in 14 weeks as margins drop

Karnataka Bank

15/05/2025 06:13

** Shares of Karnataka Bank KBNK.NS down 3.8% to 199.85 rupees, on track to log worst day in 14 weeks

** Private lender's Q4 net profit falls ~8%; net interest income drops 6.4% y/y

** Net interest margin down to 2.98% from 3.32% a year ago

** Over 2.4 million shares traded, 2.1x the 30-day avg

** Stock down ~7% YTD

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))