Karnataka bank – private bank @ public sector valuation

Key points to watch out

1. Expansion into other states: They have a stated position of a 50:50 branch mix between Karnataka and other states
2. Efficient deployment of the recent capital raise program
3. Improvements in technology infrastructure and revamped org structure (dedicated segment leader roles for Retail, MSME)
4. Trajectory of historical NPAs and how its coming down
5. 1,00,000 Cr advances by FY26 from current of 75,000 Cr

Disc: Invested.