"Three power accounts have been identified under non-performing assets (NPA) and adequate provision is made," said Mahabaleshwara MS, Managing Director and Chief Executive Officer, Karnataka Bank.

The CEO said the bank had highest slippages in Q4 and gross slippage was Rs 1,037 crore and net slippage was Rs 591.77 crore.

Talking about National Company Law Tribunal (NCLT) cases, he said, "We had four accounts and under these four accounts we had about Rs 317.46 crore, all these accounts are treated as non-performing assets."

"For FY17, we had 2.79% net interest margin (NIM) and it improved to 3.18%. But interesting thing is during Q4 of FY18, it improved to even up to 3.54%,” he added.

First Published:May 16, 2018 12:00 PM IST