Q4 2022 Karnataka Bank Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the Karnataka Bank Q4 FY22 conference call hosted by Investec Capital Services. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Mahabaleshwara M.S., Managing Director and CEO of Karnataka Bank and his team. Thank you and over to you, sir.
Good evening and welcome you all to the con call on the results of Karnataka Bank for the quarter and year ended March 31, 2022. I am Mahabaleshwara, MD and CEO of the bank I also have with me Mr. Balachandra Y.V., our Chief Operating Officer and Mr. Muralidhar Krishna Rao, Chief Financial Officer.
I would like to draw your attention to five important of developments. The first one is banks have migrated to the new tax regime by absorbing an one-time hit of INR85 crores during the Q4 of FY 22. Bank has upgraded its audit system to the fully centralized audit mechanism. Third one is bank continued its consistent stance of
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