Finance Minister's decision to include private banks in government businesses a game-changer, says Karnataka Bank CEO & MD Mahabaleshwara MS

The central government has lifted the embargo on granting business to private banks. Finance Minister Nirmala Sitharaman on Wednesday said that all banks will be equal partners in developing the economy

Karnataka Bank shares fall 3% on reporting Rs 34.16 crore fraud in IL&FS Transport

The lender said IL&FS Transportation had availed credit from it during 2016 under multiple banking arrangements in which Karnataka Bank was one of the members.

Karnataka Bank reports Rs 34.16-crore fraud to RBI

The lender said IL&FS Transportation had availed credit from it during 2016 under multiple banking arrangements in which Karnataka Bank was one of the members.

Karnataka Bank Standalone December 2020 Net Interest Income (NII) at Rs 614.05 crore, up 20.94% Y-o-Y

Buy Karnataka Bank; target of Rs 85: Anand Rathi

Anand Rathi is bullish on Karnataka Bank has recommended buy rating on the stock with a target price of Rs 85 in its research report dated January 13, 2021.

Karnataka Bank Standalone December 2020 Net Interest Income (NII) at Rs 614.05 crore, up 20.94% Y-o-Y

Karnataka Bank Standalone December 2020 Net Interest Income (NII) at Rs 614.05 crore, up 20.94% Y-o-Y

Karnataka Bank Q3 profit rises 10% to Rs 135 crore

The Mangalore-headquartered bank had reported a net profit of Rs 123.14 crore in the year-ago period, it said in a regulatory filing.

Karnataka Bank share price jumps 11% on robust Q3 numbers

The share touched its 52-week high Rs 75 and 52-week low Rs 34.20 on 14 February, 2020 and 29 May, 2020, respectively.

Buy Karnataka Bank; target of Rs 60: Anand Rathi

Anand Rathi is bullish on Karnataka Bank has recommended buy rating on the stock with a target price of Rs 60 in its research report dated October 19, 2020.

Analysis | What bank NPA numbers won’t tell us during Q2 results

Banks will not disclose the full NPA figures in the second quarter drawing comfort from a recent Supreme Court ruling that says all borrowal accounts that are standard as on August 31 cannot be declared as NPAs till further orders.

Karnataka Bank share price jumps 5% as Q2 profit rises 13% to Rs 119 crore

Total income rose to Rs 1,933.52 crore in the quarter under review, against Rs 1,902.41 crore in the same period of 2019-20, Karnataka Bank said in a regulatory filing.

Karnataka Bank Q2 net up 13% to Rs 119 crore

The bank had posted a net profit of Rs 105.91 crore in the July-September period of the previous fiscal.

Buy Karnataka Bank; target of Rs 60: Anand Rathi

Anand Rathi recommended hold rating on Karnataka Bank with a target price of Rs 60 in its research report dated July 13, 2020.

Karnataka Bank Standalone June 2020 Net Interest Income (NII) at Rs 535.12 crore, up 8.19% Y-o-Y

Karnataka Bank Standalone June 2020 Net Interest Income (NII) at Rs 535.12 crore, up 8.19% Y-o-Y

Karnataka Bank reports net profit of Rs 196 crore in June quarter

The bank's total income during the April-June 2020 quarter rose to Rs 2,134.63 crore, from Rs 1,794.33 crore a year ago, it said.

Buy Karnataka Bank; target of Rs 60: Anand Rathi

Anand Rathi is bullish on Karnataka Bank has recommended buy rating on the stock with a target price of Rs 60 in its research report dated June 09, 2020.

Karnataka Bank Q4 net falls 56% to Rs 27 cr on higher provisioning

Sequentially, net profit in the three months to March declined significantly from Rs 123.14 crore in the third quarter of FY20.

Blackrock Advisors offloads stake in Equitas Holdings, GNFC, NCC, PTC India, Karnataka Bank

Blackrock Advisors also sold 17,92,796 shares of PTC India at Rs 33.46 per share and 16,42,384 shares of Karnataka Bank at Rs 34.83 per share.

Karnataka Bank share price declines nearly 3% as RBI imposes penalty

As bank had already made full provision, there is no other financial impact other than the penalty amount.

RBI imposes penalty on Bank of India, Karnataka Bank

Giving details, it said the statutory inspection of BoI with reference to its financial position as on March 31, 2017 and March 2018 and the risk assessment reports pertaining thereto revealed, inter-alia, non-compliance with the certain directions.

Karnataka Bank Standalone December 2019 Net Interest Income (NII) at Rs 507.75 crore, up 4.06% Y-o-Y

Karnataka Bank share price falls 5% on poor Q3 numbers

Gross NPA of the bank rose to 4.99 percent from 4.78 percent, while net NPA was up at 3.75 percent against 3.48 percent, QoQ.

Karnataka Bank Standalone December 2019 Net Interest Income (NII) at Rs 507.75 crore, up 4.06% Y-o-Y