Three power accounts identified under non-performing assets, says Karnataka Bank

"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."