Page 2 - Karnataka Bank
Karnataka Bank reports Rs 34.16-crore fraud to Reserve Bank of India
Private sector lender Karnataka Bank on Friday said it has reported to the RBI a fraud of about Rs 34.16 crore in credit facilities extended to IL&FS Transportation Networks, which is a dud account now. "The bank has reported to RBI (Reserve Bank of India) a fraud in the credit facilities extended earlier to IL&FS Transportation Networks Ltd with an outstanding balance of Rs 34.16 crore (defaulted entity)," Karnataka Bank said in a regulatory filing. The lender said IL&FS Transportation had availed credit from it during 2016 under multiple banking arrangement in which Karnataka Bank was one of the members. During 2018, the borrowing account was classified as non-performing asset and has been fully provided for, it added. Karnataka Bank stock closed 0.72 per cent down at Rs 69.40 apiece on BSE.
 "Karnataka Bank reports Rs 34.16-crore fraud to Reserve Bank of India")
Karnataka Bank third quarter net profit rises 10% to Rs 135 crore
The bank reported a 10 per cent increase in net profit at Rs 135.38 crore for the December quarter on account of a decline in bad loans
Stocks to watch: GAIL, Tata Motors, Dishman Carbogen, DRL, Karnataka Bank
Jaguar Land Rover's retail sales fell 9 per cent YoY to 1,28,469 units in the October-December quarter
 "Stocks to watch: GAIL, Tata Motors, Dishman Carbogen, DRL, Karnataka Bank")
Tata Motors partners with Karnataka Bank for retail finance support
Tata Motors has signed a memorandum of understanding with Karnataka Bank to introduce financing offers for customers
 "Tata Motors partners with Karnataka Bank for retail finance support")
Covid-19 impact: Karnataka Bank expects to recast less than 4% loans
Borrowers have to establish stress due to Covid-19 for financial profile.
Balancing tradition and new systems key for old, traditional banks: Experts
These banks need to understand their limitations and balance tradition with new age banking systems, they say
 "Balancing tradition and new systems key for old, traditional banks: Experts")
PE investors, foreign banks taking majority stakes may rescue old pvt banks
Several of these banks were placed under the Prompt Corrective Action (PCA) framework of additional regulator scrutiny but this does not seem to have stemmed the rot
 "PE investors, foreign banks taking majority stakes may rescue old pvt banks")
Karnataka Bank reports highest-ever quarterly net profit of Rs 196 cr in Q1
The bank had posted a net profit of Rs 175.42 crore during the corresponding period of the previous financial year, which also was its previous high in quarterly profit, it said in a release.
Market Ahead, July 6: Top factors that could guide markets this week
At 7:10 AM, SGX Nifty was trading more than 50 points higher at around 10,630 levels, indicating a higher opening for the Sensex and Nifty today
 "Market Ahead, July 6: Top factors that could guide markets this week")
We are well capitalised, depositors need not worry: Karnataka Bank
We have been consistently maintaining CRAR above the minimum prescribed by the RBI as well as the bank's internal policy, Managing Director and CEO Mahabaleshwara M S said
 "We are well capitalised, depositors need not worry: Karnataka Bank")
Karnataka Bank Result 2019: Probationary Clerk final results out; check now
Candidates will have to login to Karnataka Bank's official website karnatakabank.com to see the Karnataka Bank Probationary Clerk Final Result 2019
 "Karnataka Bank Result 2019: Probationary Clerk final results out; check now")
Karnataka Bank net profit rises over 7% to Rs 175.42 crore in Q1
Total income during June quarter of 2019-20 rose to 1,829.16 crore from Rs 1,616.44 crore in the year-ago period, the bank said in a regulatory filing
 "Karnataka Bank net profit rises over 7% to Rs 175.42 crore in Q1")
Karnataka Bank to keep its gross NPA level below 5% after provisoning
The private lender expects to have at least Rs 3 trillion of total business by 2020
 "Karnataka Bank to keep its gross NPA level below 5% after provisoning")
Karnataka Bank Q1 net up 10% at Rs 134 crore
The bank had reported a net profit of Rs 121.54 crore in the April-June quarter of FY17
Karnataka Bank Q4 net profit up 30% at Rs 138 cr
Total income during March quarter rose to Rs 1,606.19 crore in 2016-17
 "Karnataka Bank Q4 net profit up 30% at Rs 138 cr")
Karnataka Bank shares slip by 3% after ICICI Bank clarifies stock exposure
The clarification came a day after Karnataka Bank saw its shares soar by nearly 9%
 "Karnataka Bank shares slip by 3% after ICICI Bank clarifies stock exposure")
Karnataka Bank Q3 net profit declines 29% to Rs 69 cr
Bank's net profit in corresponding Oct-Dec quarter of 2015-16 stood at Rs 97 crore
Karnataka Bank Q2 profit up 21% at Rs 124 crore
The bank saw advances grow 12.85% to Rs 36,611 crore and deposits by 8.64% to Rs 53,096 crore
 "Karnataka Bank Q2 profit up 21% at Rs 124 crore")
LIC MF inks mutual fund distribution pact with Karnataka Bank
LIC Mutual Fund chief executive said that combination of comprehensive range of products would create a great convenience to the investors
Karnataka Bank to offer shares for rights issue
Private lender said the date of the issue will be fixed later at Rs 70 per share
