Q1 2023 Karnataka Bank Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the Karnataka Bank Q1 FY23 earnings conference call hosted by Investec Capital Services. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over publisher Mahabaleshwara M S, MD and CEO. Thank you, and over to you, sir.
Yeah, thank you. Good afternoon and a hearty welcome to each one of you for this Q1 FY23 earnings concall of Karnataka Bank. I am Mahabaleshwara M S, the MD and CEO of the bank and I have with me my COO, Mr. Balachandra Y V; my CBO, Mr. Gokuldas Pai; and CFO, Mr. Muralidhar Krishna Rao. They have also joined on live.
To begin with, let me highlight on two important things which need to be factored in by understanding the Q1 results in its right perspective. The first one is the MTM losses on investments on account of increased yield. We have made a full provision of INR156.58 crores as investments depreciation provision and the same is this time debited to interest income as per the
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