{
The Karnataka Bank Limited

Companies

}

karnataka bank shows potential for growth with buy recommendation and target price

Anand Rathi has maintained a Buy recommendation for Karnataka Bank, setting a 12-month target price of Rs 298. Despite a 19% quarter-on-quarter decline in core operating profits due to lower margins and fees, improved asset quality and expected mid-teen credit growth suggest strong future earnings, with return on assets likely to remain around 1%.
Moneycontrol
Indian Rupee The Karnataka Bank Limited IND Anand Rathi
Finance & Economy, Market Report
08:26 24.10.2024
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