KTKBANK Q2 FY27 Guidance vs Delivery (KTKBANK Management Mirror)

Q2 FY27 Advances Growth of 25% Exceeds 15%-20% Guided in Mar'26 Qtr; FY27 Targets Reaffirmed

In the Sep'26 Qtr reported actuals, Karnataka Bank delivered advances growth of 25% YoY to 92,015 crore, total business growth of 17% YoY to 2,07,132 crore, and deposit growth of 12% YoY to 1,15,117 crore. This exceeds the advances growth guidance of 15% to 20% and the business growth target of ~15% set in the Mar'26 Qtr and Jun'26 Qtr concalls, while meeting the 10% to 15% deposit growth guidance. Moving forward, management in the Sep'26 Qtr concall reaffirmed the overall business growth guidance of ~15%, targeting advances growth of 15% to 20% and liabilities growth of 10% to 15%. They plan to add 18,000 crore to total business in H2 FY27, backed by seasonally stronger execution, alongside a strategic rebalancing to increase retail advances from 56% to 60% and reduce large corporate exposures from 24% to 18%.