Karnataka Bank

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Stocks to Watch: Oil related stocks like ONGC/Oil India/RIL/ refiners will be in focus as crude jumped 8 per cent following a surprise output cut by the OPEC+

Nifty needs to close above 18,730 to resume rally, says Vinay Rajani

The technical & derivative analyst from HDFC Securities recommends buying NLC India and Karnataka Bank among individual stocks.

This bank stock has zoomed over 50% in 3 days on robust Q2 results

Karnataka Bank surged 19% to Rs 143 in the intra-day trade on Friday. It was trading at its highest level since February 2018

Karnataka Bank posts all-time high Q2 net profit of Rs 411 cr, NII up 26%

Mangaluru-headquartered Karnataka Bank has posted an all-time high quarterly net profit of Rs 411.47 crore for the quarter ended Sept-2022. This shows growth in net profit by 228 percent, compared to the Sept 2021 quarter net profit of Rs 125.45 crore. The director board of the bank, at its meeting held here on Tuesday, approved the financial results for the quarter and the half year that ended September 30, 2022. During the half year period, the net profit stood at Rs 525.52 crore, which is also an all-time high against Rs 231.36 crore of September 2021, a bank release said here Wednesday. For the quarter ending September 2022, the net interest income also increased by 26 percent to Rs 802.73 crore from Rs 637.10 crore. The NPAs have also further moderated as the GNPAs reduced to 3.36 percent against 4.03 percent as of June 30, 2022 , while NNPAs also reduced to 1.72 percent against 2.16 percent as of June 30. The business turnover of the bank has touched a new high of Rs 1,41,50

Karnataka Bank zooms 20%, hits over 3-year high on strong Q2 results

The bank said the significant jump in net profit is mainly because of improved earnings, improved asset quality, healthy growth of advances, cost containment, and efficiency enhancement, among others

Karnataka Bank's Q1 net up 7.69 % to Rs 114 cr on improved interest margins

The Board has approved a proposal to seek shareholders' nod for raising further equity capital up to Rs 1,000 cr

JCB India nominates Karnataka Bank as preferred financier after signing MoU

The city-headquartered Karnataka Bank has signed a Memorandum of Understanding (MoU) with JCB India Limited, a manufacturer of earthmoving and construction equipment in India

Karnataka Bank raises Rs 300 crore through bonds on private placement basis

To comply with Basel-III capital regulations, banks globally need to improve and strengthen their capital planning processes

IDBI Bank plans to raise up to Rs 3,000 crore through AT1 bonds

The private sector lender will also raise up to Rs 1,000 crore via infrastructure bonds to fund projects and affordable housing.

Stocks to Watch: Infosys, TCS, Zomato, SBI, GMR Power, Zee, Karnataka Bank

Post demerger, GMR Power and Urban Infra, the non-airport business company of the GMR Group, will start trading on BSE and NSE from Wednesday onwards.

Karnataka Bank board approves plan to raise Rs 300 cr via bonds

Private sector lender Karnataka Bank on Tuesday said it will raise up to Rs 300 crore by issuing Basel III compliant bonds on a private placement basis.

Karnataka Bank posts net profit of Rs 146.42 crore in the third quarter

The private sector Karnataka Bank has posted a net profit of Rs 146.42 crore for Q3 of current financial year as against Rs 135.37 crore net profit earned during the corresponding quarter of last year

Karnataka Bank net profit rises 8% to Rs 146 crore in December quarter

Private sector Karnataka Bank reported an 8 per cent rise in net profit at Rs 146.42 crore for the quarter ended December 2021

Toyota Kirloskar Motor partners with Karnataka Bank for financing solutions

Toyota Kirloskar Motor (TKM) on Monday said it has partnered with Karnataka Bank to finance its vehicles across cities and towns in India. The company has signed a memorandum of understanding with Karnataka Bank, following which the bank will be one of the preferred financiers for the entire range of vehicles sold by TKM. The finance options at competitive interest rates will be available to customers, including those covered under priority sector schemes, for purchasing Toyota vehicles for private and commercial use, TKM said in a statement. "To meet the growing demand and improve the sales experience of our customers in both metros as well as smaller markets, we are looking to further expand the reach of Toyota products across the country with a sharp focus on rural markets," TKM Vice President (VP), Strategic Business Unit R Venkatakrishnan said. With this collaboration, he said, "We have focused on designing innovative schemes to suit the customer needs while also providing eas

Karnataka Bank's net profit up 5% at Rs 126 crore in September qtr

Private sector Karnataka Bank on Thursday reported a moderate rise of 5.17 per cent in its net profit at Rs 125.61 crore in the second quarter ended September 2021.

Karnataka Bank launches KBL FASTag for seamless toll deduction

Karnataka Bank on Wednesday launched KBL FASTag for seamless movement of vehicles at toll plazas by facilitating automatic deduction of the toll amount. Karnataka Bank launched its KBL FASTag, a pre-loaded payment instrument to facilitate seamless movement of vehicles at the toll plazas across India, in association with NPCI and Worldline, the FASTag processor, the bank said in a release. Mahabaleshwara MS, Managing Director and CEO of the Bank said: "The FASTag facilitates the users with the ease and convenience during transit through the toll plaza by saving time, fuel and money". Customers can procure FASTag through the bank's website or by approaching the nearby branch, said the lender. A FASTag can be pre-loaded digitally for the required amount and can be recharged online through credit card, debit card, net banking, IMPS, among others. While driving through a toll plaza, the applicable toll amount gets automatically debited through the sensors at the plaza and the driver ge

Karnataka Bank plans to raise Rs 6,000 crore via debt this fiscal

Karnataka Bank plans to raise up to Rs 6,000 crore debt capital during the current financial year, and it will seek shareholders' approval in the ensuing AGM next month

Karnataka Bank Q1 net down 46% to Rs 106 cr as treasury income dips

Mulls QIP for equity capital raise

Karnataka Bank Q4 net profit rises 15% at Rs 31 cr; NII declines 13%

The capital adequacy ratio improved to 14.85% in March 2021

Karnataka Bank targets over Rs 1.42 trn business turnover in FY22

Public sector Karnataka Bank has targeted 12 per cent business growth in the current fiscal year, expecting total business of over Rs 1.42 trillion.