THE KARNATAKA BANK LTD.
NSE : KTKBANKBSE : 532652ISIN
CODE : INE614B01018Industry : Bank - PrivateHouse
: Karnataka Bank
BSE229.00-4.15 (-1.78 % )
PREV CLOSE (Rs.) 233.15
OPEN PRICE (Rs.) 233.30
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 223879
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE228.90 -4.2 (-1.8 % )
PREV CLOSE(Rs.) 233.10
OPEN PRICE (Rs.) 233.50
BID PRICE (QTY) 228.90 (1724 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1638681
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 22-Apr-2024 | Appointment Of Mr. Padmanaban T. A. As Head-Digital Banking Project | Appointment of Mr. Padmanaban T. A. as Head-Digital Banking Project |
| 11-Apr-2024 | Karnataka Bank expands collaboration with FISDOM | <p style="text-align: justify;">Karnataka Bank has expanded its collaboration with FISDOM to offer 3-in-1 (Savings, Demat and Trading accounts) through the Bank's Mobile Banking App- KBL Mobile Plus. This strategic association is all set to enhance the current value proposition of enabling customers to invest in stocks and Mutual Funds. This offering will empower our customers with seamless access to both investment opportunities and trading functionalities, all within a single, user-friendly interface.</p><p style="text-align: justify;">The 3-in-1 facility enables customers to streamline their investment journey by consolidating their Demat and Trading accounts. This integration eliminates the need for multiple platforms, simplifying account management and enhancing overall user experience. With this unified solution, investors can efficiently manage their securities and execute trades with unparalleled convenience and efficiency.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 12-Mar-2024 | Karnataka Bank informs about unaudited interim financial statements | <div style="text-align: justify;">In compliance with Regulation 30 of the SEBI Listing Regulations, Karnataka Bank has informed it enclosed the unaudited condensed consolidated interim financial statements and unaudited condensed standalone interim financial statements of the Bank for the nine months ended on December 31, 2023 and December 31, 2022, duly approved by the Board of Directors of the Bank at its meeting held on 11.03.2024, along with the limited review reports issued by the Joint Statutory Auditors of the Bank. The aforesaid condensed interim financial statements of the Bank along with its review report are also being uploaded on the Bank's website at www.karnatakabank.com. Further, the said condensed interim financial statements are being issued on a one-time basis only and should not be considered as any practice for disclosure of financial information that will be followed by the Bank going forward. This submission has been delayed due to some unforeseen circumstances.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE. </div> |
| 06-Mar-2024 | Appointment Of Mr. Giridhar R As Head (Wholesale And Mid-Corporate Banking) Of The Bank | Appointment of Mr. Giridhar R as Head (Wholesale and Mid-Corporate Banking) of the Bank |
| 30-Jan-2024 | Karnataka Bank enters into MoU with Northern Arc Capital | <p style="text-align: justify;">Karnataka Bank (KBL) and Northern Arc Capital, one of India's diversified NBFCs and a financial services platform, have entered into a memorandum of understanding (MoU), enabling the bank to offer customer-centric financial solutions to retail borrowers. The nPOS, Northern Arc's technology platform for co-origination, co-lending and pool buy-out aims to enable Karnataka Bank to seamlessly connect with multiple originators for loan origination, underwriting, disbursement, and collection, along with interactive dashboards, proactive nudges, and advanced reconciliation abilities. This collaboration will allow bank to digitally onboard various NBFCs, to lend significant amount of money and onboard a larger customer base as a result of their better consumer outreach.</p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 30-Jan-2024 | Karnataka Bank gains on entering into MoU with Northern Arc Capital | <p style="text-align: justify;">Karnataka Bank is currently trading at Rs. 248.00, up by 1.05 points or 0.43% from its previous closing of Rs. 246.95 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 249.60 and has touched a high and low of Rs. 249.60 and Rs. 246.00 respectively. So far 39426 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 286.35 on 20-Jan-2024 and a 52 week low of Rs. 124.10 on 29-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 254.00 and Rs. 233.10 respectively. The current market cap of the company is Rs. 8584.81 crore.</p><p style="text-align: justify;">The Institutions holding in the Bank stood at 36.73%, while Non-Institutions held 63.27% in the Bank. </p><p style="text-align: justify;">Karnataka Bank (KBL) and Northern Arc Capital, one of India's diversified NBFCs and a financial services platform, have entered into a memorandum of understanding (MoU), enabling the bank to offer customer-centric financial solutions to retail borrowers. The nPOS, Northern Arc's technology platform for co-origination, co-lending and pool buy-out aims to enable Karnataka Bank to seamlessly connect with multiple originators for loan origination, underwriting, disbursement, and collection, along with interactive dashboards, proactive nudges, and advanced reconciliation abilities. This collaboration will allow bank to digitally onboard various NBFCs, to lend significant amount of money and onboard a larger customer base as a result of their better consumer outreach.</p><p style="text-align: justify;">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.</p> |
| 24-Jan-2024 | Karnataka Bank reports 10% rise in Q3 consolidated net profit | <p style="text-align: justify;">Karnataka Bank has reported results for third quarter ended December 31, 2023 (Q3FY24). </p><p style="text-align: justify;">The bank has reported 10.11% rise in net profit at Rs 331.08 crore for the quarter ended December 31, 2023 as compared to Rs 300.68 crore for the same quarter in the previous year. Total income of the bank increased by 18.65% at Rs 2,438.69 crore for Q3FY24 as compared Rs 2,055.31 crore for corresponding quarter of the previous year.</p><p style="text-align: justify;">On consolidated basis, the bank reported 10.17% rise in its net profit at Rs 331.21 crore for Q3FY24 as compared to Rs 300.63 crore for the same quarter in the previous year. Total income of the bank increased by 18.65% at Rs 2,438.68 crore for Q3FY24 as compared Rs 2,055.31 crore for corresponding quarter of the previous year.</p> |
| 17-Jan-2024 | Karnataka Bank informs about allotment of equity shares | <div>In accordance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Karnataka Bank has informed that the Bank has allotted 1,50,953 Equity Shares of face value of Rs. 10 each to the employees/grantees who had exercised the vested options granted under the Karnataka Bank Employees Stock Option Scheme 2018, as approved by the Managing Director and CEO.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 12-Jan-2024 | Karnataka Bank opens 915th Branch in Ayodhya | <p style="text-align: justify;">Karnataka Bank has opened its 915th Branch with Mini e-Lobby at Ayodhya. With its world-class infrastructure, Ayodhya has turned out to be a perfect destination for cultural preservation and will attract visitors from all over the world.</p><p style="text-align: justify;">Karnataka Bank with its 100 years rich Banking legacy will be positioned right to offer world-class Banking and digital services from this Holy city. Ayodhya branch will showcase innovative digital banking solutions, providing its customers with seamless and efficient financial services. </p><p style="text-align: justify;">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.</p><div style="text-align: justify;"><br></div> |
| 10-Jan-2024 | Karnataka Bank partners with Digivriddhi | <p style="text-align: justify;">Karnataka Bank has partnered with fintech company Digivriddhi (DGV) to offer host of financial services catering to the needs of dairy farmers & Milk Societies. The services will be made available at Village Dairy Co-operative Societies, associated with Milk unions of Karnataka Milk Federation (KMF). To begin with, the services are now made available to milk societies associated with Chamarajnagar Milk Union and will be rolled out to farmers of other unions in rapid succession.</p><p style="text-align: justify;">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.</p> |
