Only buyers in Karnataka Bank after strong Q2 performance; can deliver 16% return in short term

On Tuesday, the private lender reported a net profit of Rs 412 crore, which was up 227% Yo-Y over Q2 of FY22 at Rs 125.61 crore. The revenues were up at Rs 2031.09 crore for the reporting quarter versus Rs 1829.16 crore in the corresponding quarter in the year-ago period