Karnataka Bank Share Price
The Karnataka Bank Ltd.
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About Karnataka Bank
Karnataka Bank Ltd is a major 'A' Class Scheduled Commercial Bank in India and a private sector banking industry leader. The bank provides customers with a comprehensive solution for all their banking requirements. To aid in the expansion of the business, they provide Working Capital Financing, Term Loans, and Infrastructure Financing. The Bank's activity is divided into four sub-divisions: treasury, corporate and wholesale banking, retail banking, and other banking activities. The Bank has 2345 service locations around the nation as of the 31st of December, 2020. This includes 857 branches, one extension counter, 1014 ATMs, and 473 cash recyclers.
In addition to these functions, the Bank maintains 12 regional offices, an international division, a data center, and a customer service center. Locations: 4 Shops, 3 Safes for Currency, One Digital Center of Excellence, one of six Asset Recovery Management locations, and two central processing hubs. The New Delhi, Kalkaji location was consolidated with the New Delhi, Chittaranjan Park branch. On February 18, 1924, The Karnataka Bank Ltd was formally established in Mangalore, Karnataka. The Bank has served the South Kanara Area from its inception. The Bank was granted its charter on May 23, 1924. On April 4, 1966, they were officially allowed to conduct banking operations in India.
B R Vysarayachar and other prominent citizens of the South Kanara Region pioneered the bank. The Bank established a solid foundation thanks to K S N Adiga, its second chairman, who served in that role for 21 years. Consequently, the Bank expanded its branch network, deposit base, and loan portfolio. The Bank acquired the Chitaldurg Bank Ltd. in 1964, and the Bank assumed all of its obligations and assets. In 1966, they acquired the Hubli-based Bank of Karnataka Ltd's assets and liabilities. Subsequently, they created 14 new branches in the areas where the defunct Bank of Karnataka Ltd had previously operated. The Bank became a licensed foreign currency dealer in 1997 and subsequently opened up specialized offices for funding the international agricultural and industrial sectors. They launched a commercial banking arm in 1989.
The Bank announced a public combined rights issue of Rs 81 crore in 1995. They agreed to use Finacle, a Core Banking Solution developed by Infosys Technologies Ltd, and signed a Memorandum of Understanding with the company in 2000. They agreed with Corporation Bank to share ATMs in 2002. They have also formed a strategic alliance with insurance giant MetLife India to act as a corporate agent in the country. The Bank became Bajaj Allianz General Insurance Co Ltd's corporate agent in 2003. K-Life, a term product explicitly tailored for SB/current account customers, was developed by the Bank in collaboration with MetLife India. Additionally, KBL Insta Cash, a consumer credit product, and KBL Vahana Mitra, a car credit product, were also introduced by the bank.
They partnered with Bharat Overseas Bank to provide money transfer services for international customers through Western Union Financial Services.
The Bank introduced the "Gold Card Scheme" for exporters in 2004. In 2005, the Bank introduced Money Quick technology for real-time gross settlement (RTGS). Additionally, they released "no frills" accounts and signed an agreement with National Financial Switch for ATM connectivity. They began working with Franklin Templeton (I) Private Limited in 2006 to market their mutual funds. Services for CDSL-DP were first introduced in a few locations. Do you want to know about The Karnataka Bank Shares? Click Here to know about today’s The Karnataka Bank Share Price.
In addition to these functions, the Bank maintains 12 regional offices, an international division, a data center, and a customer service center. Locations: 4 Shops, 3 Safes for Currency, One Digital Center of Excellence, one of six Asset Recovery Management locations, and two central processing hubs. The New Delhi, Kalkaji location was consolidated with the New Delhi, Chittaranjan Park branch. On February 18, 1924, The Karnataka Bank Ltd was formally established in Mangalore, Karnataka. The Bank has served the South Kanara Area from its inception. The Bank was granted its charter on May 23, 1924. On April 4, 1966, they were officially allowed to conduct banking operations in India.
B R Vysarayachar and other prominent citizens of the South Kanara Region pioneered the bank. The Bank established a solid foundation thanks to K S N Adiga, its second chairman, who served in that role for 21 years. Consequently, the Bank expanded its branch network, deposit base, and loan portfolio. The Bank acquired the Chitaldurg Bank Ltd. in 1964, and the Bank assumed all of its obligations and assets. In 1966, they acquired the Hubli-based Bank of Karnataka Ltd's assets and liabilities. Subsequently, they created 14 new branches in the areas where the defunct Bank of Karnataka Ltd had previously operated. The Bank became a licensed foreign currency dealer in 1997 and subsequently opened up specialized offices for funding the international agricultural and industrial sectors. They launched a commercial banking arm in 1989.
The Bank announced a public combined rights issue of Rs 81 crore in 1995. They agreed to use Finacle, a Core Banking Solution developed by Infosys Technologies Ltd, and signed a Memorandum of Understanding with the company in 2000. They agreed with Corporation Bank to share ATMs in 2002. They have also formed a strategic alliance with insurance giant MetLife India to act as a corporate agent in the country. The Bank became Bajaj Allianz General Insurance Co Ltd's corporate agent in 2003. K-Life, a term product explicitly tailored for SB/current account customers, was developed by the Bank in collaboration with MetLife India. Additionally, KBL Insta Cash, a consumer credit product, and KBL Vahana Mitra, a car credit product, were also introduced by the bank.
They partnered with Bharat Overseas Bank to provide money transfer services for international customers through Western Union Financial Services.
The Bank introduced the "Gold Card Scheme" for exporters in 2004. In 2005, the Bank introduced Money Quick technology for real-time gross settlement (RTGS). Additionally, they released "no frills" accounts and signed an agreement with National Financial Switch for ATM connectivity. They began working with Franklin Templeton (I) Private Limited in 2006 to market their mutual funds. Services for CDSL-DP were first introduced in a few locations. Do you want to know about The Karnataka Bank Shares? Click Here to know about today’s The Karnataka Bank Share Price.
Fundamentals of Karnataka Bank Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 4201.80 Cr |
3.39 |
0.26 |
25.99 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
7.94 % |
16.35 |
7.22 % |
236.93 |
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What is the Market Cap of The Karnataka Bank Ltd. shares?
As of 20 Mar`23 the Market Cap of The Karnataka Bank Ltd. is 4201.80.
What is the PE and PB ratio of The Karnataka Bank Ltd. stock?
As of 20 Mar`23 the PE is 3.39 and PB is 0.26.
Karnataka Bank - Quaterly Results
Publish Date: 01/11/2022
The revenue for the September 2022 quarter is pegged at Rs. 17710.50 millions, about 13.95% up against Rs. 15542.80 millions recorded during the year-ago period.The Total revenue for the quarter ended September 2022 of Rs. 4116.30 millions grew by 227.70% from Rs. 1256.10 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 17710.50 | 15542.80 | 13.95 | 34001.30 | 30777.80 | 10.47 | 62216.60 | 62324.10 | -0.17 |
| Other Income | 2600.40 | 2748.80 | -5.40 | 3928.30 | 5005.30 | -21.52 | 9538.80 | 14042.10 | -32.07 |
| Interest Expended | 9683.20 | 9171.80 | 5.58 | 19098.40 | 18658.90 | 2.36 | 37306.30 | 40492.30 | -7.87 |
| Operating Expenses | 4849.50 | 4849.50 | 15.91 | 8925.20 | 8148.60 | 9.53 | 18109.10 | 16791.10 | 7.85 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | -138.40 | 3472.10 | -103.99 | 3490.60 | 7050.30 | -50.49 | 9394.40 | 12963.50 | -27.53 |
| Tax | 1800.30 | 207.80 | 766.36 | 1157.30 | -391.60 | -395.53 | 1859.40 | 1293.60 | 43.74 |
| PAT | 4116.30 | 1256.10 | 227.70 | 5258.10 | 2316.90 | 126.95 | 5086.20 | 4825.70 | 5.40 |
| Equity | 3113.10 | 3108.80 | 0.14 | 3113.10 | 3108.80 | 0.14 | 3111.70 | 3108.80 | 0.09 |
| OPM | 32.63 | 31.76 | 2.73 | 29.13 | 29.16 | -0.10 | 26.26 | 30.62 | -14.23 |
Karnataka Bank - Quaterly Results
Publish Date: 01/11/2022
The company witnessed a 13.95% growth in the revenue at Rs. 17710.50 millions for the quarter ended September 2022 as compared to Rs. 15542.80 millions during the year-ago period.Net Profit for the quarter ended September 2022 zoomed to 227.70% from Rs. 1256.10 millions to Rs. 4116.30 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 17710.50 | 15542.80 | 13.95 | 34001.30 | 30777.80 | 10.47 | 62216.60 | 62324.10 | -0.17 |
| Other Income | 2600.40 | 2748.80 | -5.40 | 3928.30 | 5005.30 | -21.52 | 9538.80 | 14042.10 | -32.07 |
| Interest Expended | 9683.20 | 9171.80 | 5.58 | 19098.40 | 18658.90 | 2.36 | 37306.30 | 40492.30 | -7.87 |
| Operating Expenses | 4849.50 | 4849.50 | 15.91 | 8925.20 | 8148.60 | 9.53 | 18109.10 | 16791.10 | 7.85 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | -138.40 | 3472.10 | -103.99 | 3490.60 | 7050.30 | -50.49 | 9394.40 | 12963.50 | -27.53 |
| Tax | 1800.30 | 207.80 | 766.36 | 1157.30 | -391.60 | -395.53 | 1859.40 | 1293.60 | 43.74 |
| PAT | 4116.30 | 1256.10 | 227.70 | 5258.10 | 2316.90 | 126.95 | 5086.20 | 4825.70 | 5.40 |
| Equity | 3113.10 | 3108.80 | 0.14 | 3113.10 | 3108.80 | 0.14 | 3111.70 | 3108.80 | 0.09 |
| OPM | 32.63 | 31.76 | 2.73 | 29.13 | 29.16 | -0.10 | 26.26 | 30.62 | -14.23 |
Karnataka Bank informs about change in CO
Publish Date: 02/09/2022
In continuation to its earlier disclosure dated June 28, 2022 intimating resignation by Prasanna Patil (ACS 20953) from the post of Company Secretary and Compliance Officer (CO) of the Bank, Karnataka Bank has informed that he has been relieved from the services of the Bank with effect from 31.08.2022. Further, pursuant to Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shailesha Barve, Asst. Company Secretary, ACS50601 is appointed as the Compliance Officer of the Bank with effect from 01.09.2022. As intimated earlier, the Bank is in the process of designating the Company Secretary at the earliest.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank gains on opening Analytical Centre of Excellence at Bengaluru
Publish Date: 30/09/2022
The centre will help in accelerated incubation of AI/ML models along with their integration to business, on a scalable analytical data platform
Karnataka Bank is currently trading at Rs. 78.05, up by 0.40 points or 0.52% from its previous closing of Rs. 77.65 on the BSE.
The scrip opened at Rs. 78.00 and has touched a high and low of Rs. 78.40 and Rs. 77.30 respectively. So far 34125 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.35 on 20-Sep-2022 and a 52 week low of Rs. 55.25 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 88.20 and Rs. 76.30 respectively. The current market cap of the company is Rs. 2419.98 crore.
The Institutions holding in the company stood at 20.80%, while Non-Institutions held 79.20%.
Karnataka Bank, with an aim to harness the power of data, has opened Analytical Centre of Excellence (ACoE) at Electronic City, Bengaluru. The centre which is developed in association with Ernst and Young (EY) as project partner, will help in accelerated incubation of AI/ML models along with their integration to business, on a scalable analytical data platform.
With the opening of ACoE, the bank has joined the elite club of few Banks who have their own ACoEs. Data driven analytics is at the core of developing and driving processes and business models towards enhancing customer satisfaction, reducing operating cost, increasing agility of decision making, reducing risk for enterprises etc. In this direction, ACoE will be a key differentiator in accelerating Karnataka Bank’s transformation journey to emerge as a relevant, progressive ‘Digital Bank of Future’ as envisaged as part of KBL NxT initiative of the Bank.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank rises on the BSE
Publish Date: 12/10/2022
The bank has opened yet another Digi Centre at Oshiwara, Mumbai
Karnataka Bank is currently trading at Rs. 83.25, up by 0.70 points or 0.85% from its previous closing of Rs. 82.55 on the BSE.
The scrip opened at Rs. 81.35 and has touched a high and low of Rs. 84.50 and Rs. 81.35 respectively. So far 49046 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.35 on 20-Sep-2022 and a 52 week low of Rs. 55.25 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 87.70 and Rs. 81.35 respectively. The current market cap of the company is Rs. 2592.72 crore.
The Institutions and Non-Institutions held 20.80% and 79.20% stake in the bank respectively.
Karnataka Bank has opened yet another Digi Centre at Oshiwara, Mumbai. It is the fourth Digi Centre of the Bank in the country and the first one in Mumbai. Digi Centres enable digital onboarding of customers and delivery of most of the products and services, digitally. Earlier, the bank had inaugurated two Digi-Centres at Yelahanka New Town & Hulimavu in Bengaluru.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank informs about presentation
Publish Date: 02/11/2022
Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015 and in continuation to the publication of reviewed unaudited results for the quarter & half year ended September 30, 2022, Karnataka Bank has informed that it enclosed the ‘Presentation on Analysis of Financial Results Q2FY23’. The above document has been hosted on its Bank’s website also at www.karnatakabank.com under Investor Portal Section.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank touches roof on reporting over 3-fold jump in Q2 net profit
Publish Date: 02/11/2022
Total income of the bank increased by 11.04% to 2031.09 crore for Q2FY23
Karnataka Bank is currently trading at its upper limit of Rs. 112.55, up by 18.75 points or 19.99% from its previous closing of Rs. 93.80 on the BSE.
The scrip opened at Rs. 107.10 and has touched a high and low of Rs. 112.55 and Rs. 105.00 respectively. So far 1077889 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.55 on 2-Nov-2022 and a 52 week low of Rs. 55.25 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 112.55 and Rs. 91.85 respectively. The current market cap of the company is Rs. 3503.13 crore.
The Institutions and Non-Institutions held 20.80% and 79.20%, stake in the Bank respectively.
The bank has reported over 3-fold jump in its net profit at Rs 411.63 crore for Q2FY23 as compared to Rs 125.61 crore for the corresponding quarter previous year. Total income of the bank increased by 11.04% to Rs 2031.09 crore for the quarter under review as compared to Rs 1829.16 crore for the same quarter in the previous year.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank zooms on launching CASA campaign of FY23 for 100 days
Publish Date: 16/11/2022
With this campaign, the Bank aims to introduce its attractive digitally powered savings account products to its prospective customers
The Karnataka Bank is currently trading at Rs. 139.50, up by 7.90 points or 6.00% from its previous closing of Rs. 131.60 on the BSE.
The scrip opened at Rs. 130.30 and has touched a high and low of Rs. 141.90 and Rs. 130.30 respectively. So far 564287 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.20 on 07-Nov-2022 and a 52 week low of Rs. 55.25 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 141.90 and Rs. 129.55 respectively. The current market cap of the company is Rs. 4357.52 crore.
The Institutions and Non-Institutions held 23.49% and 76.50% stake in the Bank.
Karnataka Bank has launched CASA campaign of FY23 for a period of 100 days. Under this nationwide campaign starting from November 15, 2022 to March 24, 2023, Bank intends to open more than 3.65 lakhs Current & Savings accounts by active involvement of all of its work force in all the 883 branches, across India. With this campaign, the Bank aims to introduce its attractive digitally powered savings account products to its prospective customers. As a part of the project 'KBL-VIKAAS' and Digital transformation initiatives, the Bank has envisioned making available self-initiated digital on-boarding platforms to the prospective customers of the Bank.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank informs about interaction with institutional investors
Publish Date: 30/11/2022
Pursuant to Regulation 30 read with point 15 of para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015, Karnataka Bank has informed that the Bank is having interaction with the institutional investors on 30.11.2022 (afternoon hours) today and 01.12.2022 at Mumbai. This is a voluntary disclosure as per the NSE and BSE guidance note on Guidance Note on Disclosures pertaining to Analyst/Institutional Investors meet dated 29.07.2022. This intimation has been hosted on its Bank’s website at www.karnatakabank.com under Investor Portal Section.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank informs about loss of share certificates
Publish Date: 09/12/2022
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Karnataka Bank has informed that the company has received intimation on loss of share certificates and the details are as enclosed. Further, wherever a request for issue of duplicate share certificate has been submitted, the Bank will proceed with after due compliance of the required formalities, issuing 'Letter of Confirmation' to the concerned shareholder(s) as required under the SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated 25.01.2022.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank informs about press release
Publish Date: 09/12/2022
Karnataka Bank has informed that it enclosed the press communique released by company today titled ‘Karnataka Bank wins Indian Banks' Association (IBA) Technology Award.’
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank informs about loss of share certificates
Publish Date: 28/12/2022
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Karnataka Bank has informed that has received intimation on loss of share certificates and the details are as enclosed. Further, wherever a request for issue of duplicate share certificate has been submitted, the Bank will proceed with after due compliance of the required formalities, issuing 'Letter of Confirmation' to the concerned shareholder(s) as required under the SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P /CIR/2022/8 dated 25.01.2022.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank informs about loss of share certificates
Publish Date: 30/12/2022
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Karnataka Bank has informed that it that has received intimation on loss of share certificates and the details are as enclosed. Further, wherever a request for issue of duplicate share certificate has been submitted, the Bank will proceed with after due compliance of the required formalities, issuing 'Letter of Confirmation' to the concerned shareholder(s) as required under the SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated 25.01.2022.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank jumps after its gross advances rise 12% in Q3FY23
Publish Date: 03/01/2023
Aggregate deposits increased 7.87% to Rs 84592.60 crore (provisional) as of December 31, 2022, as compared to Rs 78424.86 crore as of December 31, 2021
Karnataka Bank is currently trading at Rs. 158.45, up by 4.20 points or 2.72% from its previous closing of Rs. 154.25 on the BSE.
The scrip opened at Rs. 156.95 and has touched a high and low of Rs. 162.00 and Rs. 156.95 respectively. So far 198807 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.50 on 14-Dec-2022 and a 52 week low of Rs. 55.25 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 162.00 and Rs. 145.25 respectively. The current market cap of the company is Rs. 4987.16 crore.
The Institutions and Non-Institutions held 23.49% and 76.50%, stake in the bank respectively.
Karnataka Bank’s gross advances stood at Rs 63658.59 crore (provisional) as of December 31, 2022 (Q3FY23), posting a 12.37% rise in year-on-year (YoY) terms as against Rs 56651.67 crore as of December 31, 2021. Its CASA stood at Rs 26991.74 crore (Provisional) as of December 31, 2022, posting a 9.95% rise as against Rs 24549.42 crore as of December 31, 2021, on yearly basis. Aggregate deposits increased 7.87% to Rs 84592.60 crore (provisional) as of December 31, 2022, as compared to Rs 78424.86 crore as of December 31, 2021.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank informs about loss of share certificates
Publish Date: 04/01/2023
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Karnataka Bank has informed that the company has received intimation on loss of share certificates and the details are as enclosed. Further, wherever a request for issue of duplicate share certificate has been submitted, the Bank will proceed with after due compliance of the required formalities, issuing 'Letter of Confirmation' to the concerned shareholder(s) as required under the SEBI Circular No. SEBI/ HO/ MIRSD/ MIRSD_RTAMB/ P/ CIR/ 2022/ 8 dated 25.01.2022.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank informs about record date
Publish Date: 19/01/2023
In terms of Regulation 60 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Karnataka Bank has informed that the Record Date for the purpose of payment of interest on subordinated debt (Tier 2) Bonds is fixed as details enclosed.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank zooms on reporting over 2-fold jump in Q3 net profit
Publish Date: 03/02/2023
Total income of the company increased by 16.68% to Rs 2055.31 crore for Q3FY23
The Karnataka Bank is currently trading at Rs. 146.55, up by 8.65 points or 6.27% from its previous closing of Rs. 137.90 on the BSE.
The scrip opened at Rs. 146.05 and has touched a high and low of Rs. 151.65 and Rs. 143.95 respectively. So far 385474 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.50 on 14-Dec-2022 and a 52 week low of Rs. 55.25 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 151.65 and Rs. 129.35 respectively. The current market cap of the company is Rs. 4575.00 crore.
Institutions and Non-Institutions held 25.19% and 74.82% stake in the bank.
Karnataka Bank has reported results for third quarter ended December 31, 2022. (Q3FY23)
The bank has reported over 2-fold jump in its net profit at Rs 300.68 crore for Q3FY23 as compared to Rs 146.57 crore for the corresponding quarter previous year. Total income of the bank increased by 16.68% to Rs 2055.31 crore for the quarter under review as compared to Rs 1761.55 crore for the same quarter in the previous year.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank informs about update on conference call
Publish Date: 10/02/2023
Further to Notice dated 19.01.2023 and intimation dated 03.02.2023 about hosting the Earning Con-call audio on the Bank’s website, Karnataka Bank has informed that transcript of the Conference Call held on 03.02.2023 with analysts/ investors has been hosted on our website https://karnatakabank.com under the section: Investor Portal > Investor Presentation > Conference Call Details.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank informs about press release
Publish Date: 15/02/2023
Karnataka Bank has informed that it enclosed copy of press release titled - Karnataka Bank wins 'Prathista Puraskar - Digidhan Award' from MeitY for highest percentage in BHIM-UPI transactions.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank informs about loss of share certificates
Publish Date: 24/02/2023
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Karnataka Bank has informed that it has received intimation on loss of share certificates and the details are as enclosed. Further, wherever a request for issue of duplicate share certificate has been submitted, the Bank will proceed with after due compliance of the required formalities, issuing 'Letter of Confirmation' to the concerned shareholder(s) as required under the SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/OR/2022/8 dated 25.01.2022.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank informs about loss of share certificates
Publish Date: 03/03/2023
Pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Karnataka Bank has informed that it has received intimation on loss of share certificates and the details are as enclosed. Further, wherever a request for issue of duplicate share certificate has been submitted, the Bank will proceed with after due compliance of the required formalities, issuing 'Letter of Confirmation' to the concerned shareholder(s) as required under the SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated 25.01.2022.
The above information is a part of company’s filings submitted to BSE.
Karnataka Bank informs about cessation of director
Publish Date: 14/03/2023
Karnataka Bank has informed that Mythily Ramesh (DIN 06959991) has ceased to be an Independent Director of the Bank with effective from close of business hours on March 13, 2023 upon completion of her tenure of five years from the date of appointment. Details as per SEBI Cir.No.CIR/CFD/CMD/4/2015 dated 09.09.2015 are furnished in Annexure.
The above information is a part of company’s filings submitted to BSE.
Board Meeting
Publish Date: 02/02/2023
Quarterly Results
Board Meeting
Publish Date: 01/11/2022
Quarterly Results
Board Meeting
Publish Date: 27/05/2022
Audited Results & Final Dividend
Board Meeting
Publish Date: 22/03/2022
Inter alia, to consider and approve the proposal for augmenting the capital through Basel III compliant Tier II instruments.
Board Meeting
Publish Date: 28/01/2022
Quarterly Results
Board Meeting
Publish Date: 28/10/2021
Quarterly Results
Ex Dividend
Publish Date: 18/08/2021
Rs.1.8000 per share(18%)Dividend
Board Meeting
Publish Date: 27/07/2021
Quarterly Results Inter alia,the Board will also discuss and consider the various options for Capital Augmentation.
Board Meeting
Publish Date: 26/05/2021
Karnataka Bank Ltd has informed BSE that the meeting of the Board of Directors of the Bank has been scheduled on May 26, 2021, inter-alia, to consider the standalone/ consolidated audited financial results for the year ended March 31, 2021 and also to recommend dividend, if any, on the equity shares for the said period. Further, in continuation to the Company's earlier intimation dated March 29, 2021 with regard to closure of Trading Window, the Trading window for dealing in securities of the Bank shall remain closed till May 31, 2021 (i.e. 48 hours after the results are intimated to the stock exchange). Accordingly, all Connected persons/Designated persons are advised not to trade in the securities of the Bank during the aforesaid period of closure of trading window.
Board Meeting
Publish Date: 12/01/2021
Quarterly Results
Board Meeting
Publish Date: 13/10/2020
Quarterly Results
Board Meeting
Publish Date: 10/07/2020
Quarterly Results
Karnataka Bank becomes part of Khajane - II (K2) of GoK
Publish Date: 07/09/2022
The bank, through its technology and digital led solutions, will continue to engage and partner with the Government of Karnataka for implementing its various initiatives towards welfare of the public
Karnataka Bank has become part of the Khajane-II (K2) integrated financial management system (IFMS) of Treasury Department, Govt. of Karnataka (GoK) for implementing Single Nodal Agency (SNA) account system for Centrally Sponsored Schemes (CSS).
Through this interface with Khajane-II (K2) in an automated environment, bank will be strengthening the Government’s efforts in implementing various sponsored schemes for disbursement of cash benefits to the targeted beneficiaries through direct credit to their bank accounts in a safe, secure and speedier manner. The bank, through its technology and digital led solutions, will continue to engage and partner with the Government of Karnataka for implementing its various initiatives towards welfare of the public.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank opens Analytical Centre of Excellence at Bengaluru
Publish Date: 30/09/2022
The centre will help in accelerated incubation of AI/ML models along with their integration to business, on a scalable analytical data platform
Karnataka Bank, with an aim to harness the power of data, has opened Analytical Centre of Excellence (ACoE) at Electronic City, Bengaluru. The centre which is developed in association with Ernst and Young (EY) as project partner, will help in accelerated incubation of AI/ML models along with their integration to business, on a scalable analytical data platform.
With the opening of ACoE, the bank has joined the elite club of few Banks who have their own ACoEs. Data driven analytics is at the core of developing and driving processes and business models towards enhancing customer satisfaction, reducing operating cost, increasing agility of decision making, reducing risk for enterprises etc. In this direction, ACoE will be a key differentiator in accelerating Karnataka Bank’s transformation journey to emerge as a relevant, progressive ‘Digital Bank of Future’ as envisaged as part of KBL NxT initiative of the Bank.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank launches special campaign for home, car, gold loans
Publish Date: 03/10/2022
Customers can avail the benefits of digital banking and offers of the special campaign across all its 880 Branches
Karnataka Bank has launched a Special campaign ‘KBL UTSAV 2022-23’ for Home loans, Car loans and Gold loans from October 01, 2022 to December 31, 2022 to cater to the festive demands. Customers can avail the benefits of digital banking and offers of the special campaign across all its 880 Branches.
Under the KBL Utsav campaign, customers can avail Home, Car and Gold loans with attractive interest rates, reduction in processing charges for Car & Gold loans, nil processing charges for Home loan, apart from other benefits.
Karnataka Bank has developed digital loan products for home and car loans, allowing customers to enjoy seamless digital processing and immediate in-principle approvals at their leisure and comfort. The digital products are designed to ensure customer delight and satisfaction.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank’s gross advances rise 10.09% in Q2FY23
Publish Date: 03/10/2022
The Bank’s CASA deposits aggregated to Rs 26,790.36 crore (Provisional) as of September 30, 2022, a growth of 12.78% to Rs 23,755.08 crore as of September 30, 2021
Karnataka Bank’s gross advances stood at Rs 60,967.57 crore (Provisional) as of September 30, 2022 (Q2FY23), a growth of 10.09% to Rs 55,378.17 crore as of September 30, 2021. The Bank’s CASA deposits aggregated to Rs 26,790.36 crore (Provisional) as of September 30, 2022, a growth of 12.78% to Rs 23,755.08 crore as of September 30, 2021.
Aggregate deposits grew 6.13% to Rs 81,628.97 crore (Provisional) as of September 30, 2022, as compared to Rs 76,916.79 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 80,380.81 crore as of March 2022.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank opens yet another Digi Centre in Mumbai
Publish Date: 11/10/2022
Earlier, the Bank had inaugurated two Digi-Centres at Yelahanka New Town & Hulimavu in Bengaluru
Karnataka Bank has opened yet another Digi Centre at Oshiwara, Mumbai. It is the fourth Digi Centre of the Bank in the country and the first one in Mumbai. Digi Centres enable digital onboarding of customers and delivery of most of the products and services, digitally. Earlier, the Bank had inaugurated two Digi-Centres at Yelahanka New Town & Hulimavu in Bengaluru.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank starts functioning of two digital banking units
Publish Date: 17/10/2022
The DBUs shall also promote financial inclusion and digital banking literacy in the district concerned
Karnataka Bank has started functioning of its two Digital Banking Units (DBU) as part of the 75 DBUs of various Banks dedicated to the Nation. The 2 DBUs of Karnataka Bank have started functioning at Airport Road, Yeyyadi, Mangaluru and Vijayanagara 1st Stage, Mysuru.
The DBUs provide banking products and services to customers in Self Service as well as assisted (digital) mode in an efficient, paperless, secured and connected environment. The DBUs shall also promote financial inclusion and digital banking literacy in the district concerned.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank launches term deposit scheme ‘KBL Centenary Deposit Scheme’
Publish Date: 18/10/2022
This deposit will be for a period of 555 days with interest rate of 7.20 % p.a.
Karnataka Bank has launched a term deposit scheme ‘KBL Centenary Deposit Scheme’ with effect from October 17, 2022. In order to mark the glorious journey towards Centenary and to reward its patrons, Bank has launched a unique term deposit scheme ‘KBL Centenary Deposit Scheme’ with higher rate of interest. This deposit will be for a period of 555 days with interest rate of 7.20% p.a. For Senior Citizens the rate of interest will be 7.60% p.a. It is a Golden opportunity to our customers to save and invest to realize better returns.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank reports over 3-fold jump in Q2 net profit
Publish Date: 02/11/2022
Total income of the bank increased by 11.04% to Rs 2031.09 crore for Q2FY23
Karnataka Bank has reported results for second quarter ended September 30, 2022.
The bank has reported over 3-fold jump in its net profit at Rs 411.63 crore for Q2FY23 as compared to Rs 125.61 crore for the corresponding quarter previous year. Total income of the bank increased by 11.04% to Rs 2031.09 crore for the quarter under review as compared to Rs 1829.16 crore for the same quarter in the previous year.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank launches CASA campaign of FY23 for 100 days
Publish Date: 16/11/2022
With this campaign, the Bank aims to introduce its attractive digitally powered savings account products to its prospective customers
Karnataka Bank has launched CASA campaign of FY23 for a period of 100 days. Under this nationwide campaign starting from November 15, 2022 to March 24, 2023, Bank intends to open more than 3.65 lakhs Current & Savings accounts by active involvement of all of its work force in all the 883 branches, across India. With this campaign, the Bank aims to introduce its attractive digitally powered savings account products to its prospective customers. As a part of the project 'KBL-VIKAAS' and Digital transformation initiatives, the Bank has envisioned making available self-initiated digital on-boarding platforms to the prospective customers of the Bank.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank wins Indian Banks' Association technology award
Publish Date: 09/12/2022
The bank has been awarded at the 18th IBA annual Technology Conference, Expo & Awards 2022
Karnataka Bank has been awarded with the prestigious 'Best Technology Talent - Runner Up' award at the 18th IBA annual Technology Conference, Expo & Awards 2022, conferred by Indian Banks' Association (IBA).
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank enables online payment of customs duty
Publish Date: 22/12/2022
This is yet another digital initiative being dedicated to its customers under the KBL-Nxt Digital Transformation project of the Bank
Karnataka Bank (KBL) has gone live in the Indian Customs Electronic Gateway (ICEGATE), the national portal of Indian Customs of Central Board of Indirect Taxes and Customs, enabling its customers to pay customs duty online.
This integration of KBL on ICEGATE portal will enable all its individual and corporate customers to pay customs duty at their convenience, thus helping them in the smooth conduct of their business. This is yet another digital initiative being dedicated to its customers under the KBL-Nxt Digital Transformation project of the Bank.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank’s gross advances rise 12% in Q3FY23
Publish Date: 03/01/2023
Aggregate deposits increased 7.87% to Rs 84592.60 crore (provisional) as of December 31, 2022, as compared to Rs 78424.86 crore as of December 31, 2021
Karnataka Bank’s gross advances stood at Rs 63658.59 crore (provisional) as of December 31, 2022 (Q3FY23), posting a 12.37% rise in year-on-year (YoY) terms as against Rs 56651.67 crore as of December 31, 2021. Its CASA stood at Rs 26991.74 crore (Provisional) as of December 31, 2022, posting a 9.95% rise as against Rs 24549.42 crore as of December 31, 2021, on yearly basis. Aggregate deposits increased 7.87% to Rs 84592.60 crore (provisional) as of December 31, 2022, as compared to Rs 78424.86 crore as of December 31, 2021.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank reports over 2-fold jump in Q3 net profit
Publish Date: 03/02/2023
Total income of the company increased by 16.68% to Rs 2055.31 crore for Q3FY23
Karnataka Bank has reported results for third quarter ended December 31, 2022. (Q3FY23)
The bank has reported over 2-fold jump in its net profit at Rs 300.68 crore for Q3FY23 as compared to Rs 146.57 crore for the corresponding quarter previous year. Total income of the bank increased by 16.68% to Rs 2055.31 crore for the quarter under review as compared to Rs 1761.55 crore for the same quarter in the previous year.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank wins award from MeitY for highest percentage in BHIM-UPI transactions
Publish Date: 15/02/2023
Labelled as 'KBL-NxT', the Bank is currently undertaking an accelerated digital drive under its Transformation Journey 'KBL VIKAAS 2.0'
Karnataka Bank has been awarded with 'Prathista Puraskar' under 'Digidhan Awards 2021-22' by Ministry of Electronics and Information Technology (MeitY), Government of India for achieving target with highest percentage in BHIM-UPI transactions in Private Sector Bank category.
Labelled as 'KBL-NxT', the Bank is currently undertaking an accelerated digital drive under its Transformation Journey 'KBL VIKAAS 2.0'. This award is an ideal tribute to the founding fathers of this great institution as Karnataka Bank is stepping into its 100th year of its fruitful existence.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
Karnataka Bank, Paisalo Digital ink co-lending agreement
Publish Date: 24/02/2023
The arrangement will leverage Karnataka Bank's low cost of funds and the end-to-end digital capabilities of KBL and Paisalo
Karnataka Bank (KBL) and Paisalo Digital (PDL), a Non-Deposit taking NBFC registered with the Reserve Bank of India, have entered into a Co-Lending arrangement to provide financial support to small income segment and to give impetus to the Micro & Small Enterprise (MSEs) Segment of the country.
In line with the Reserve Bank of India's guidelines on Co-lending by banks and NBFCs to Priority Sector to improve the flow of credit to unserved and underserved segments, the arrangement will leverage Karnataka Bank's low cost of funds and the end-to-end digital capabilities of KBL and Paisalo, to help the sourcing, servicing and recovery of small ticket income generation priority sector loans.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
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