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While the earnings have been encouraging, the real challenge lies in addressing the slowing deposit growth and leadership uncertainty.

The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.