Karnataka Bank Share News - Latest Updates, Live News & More

Latest news about Karnataka Bank

Karnataka Bank Appoints Raja B S as Chief Operating Officer on Two-Year Contract 3 days ago

Karnataka Bank has appointed Raja B S as its new Chief Operating Officer (COO), effective September 4, 2025, on a two-year contract. Raja B S, with a 35-year career at the bank, previously held the position of General Manager. He has extensive experience in various key roles, including Branch Head, Regional Head, and Department Head for critical units. Raja B S opted for voluntary retirement from his General Manager position on September 3, 2025, before assuming the COO role the next day.

Karnataka Bank Sets Dividend Record Date and Re-appoints Uma Shankar as Independent Director Aug 22, 2025

Karnataka Bank's Chief Product Officer Ramaswamy Subramanian Steps Down Aug 01, 2025

Karnataka Bank's Head of Wholesale & Mid-Corporate Banking Steps Down Jul 25, 2025

Karnataka Bank Appoints Veteran Banker Raghavendra S Bhat as Interim MD & CEO Jul 15, 2025

More news about Karnataka Bank

01Jul 25

Karnataka Bank Faces Leadership Shake-up: Emkay Global Downgrades Stock

Karnataka Bank is experiencing a significant leadership transition with the unexpected resignations of its Managing Director & CEO and Executive Director due to Board-level disagreements over a ₹1.50 crore consultancy expenditure. In response, Emkay Global has downgraded Karnataka Bank's rating from 'Buy' to 'Add' and reduced its price target by 15% to ₹220. The bank has formed a search committee to find suitable replacements for the vacant positions.

30Jun 25

Karnataka Bank Demonstrates Financial Strength with Robust Capital Adequacy Ratio

Karnataka Bank announced a capital adequacy ratio of over 19.85%, indicating robust financial health and stability. The bank's total assets increased by 17.19% to ₹116,085.00 crore, while total equity rose by 32.08%. Investments grew by 4.18%, and current assets surged by 30.62%. This strong financial position enhances the bank's ability to withstand economic challenges and positions it favorably for future growth.

30Jun 25

Karnataka Bank Refutes 'Malicious' News Report, Reaffirms Financial Strength

Karnataka Bank has issued a strong statement refuting a news report it describes as 'malicious'. The bank emphatically asserts its financial strength and resilience in response to the contentious report. Karnataka Bank's management has taken a firm stance against the circulation of what it calls false or misleading information about its operations. The bank's swift response underscores its commitment to transparency and shareholder confidence. This development serves as a reminder of the importance of verifying information from reliable sources in the financial sector.

30Jun 25

Karnataka Bank's Top Leadership Shakeup: MD & CEO and Executive Director Step Down

Karnataka Bank has announced the resignations of its Managing Director & CEO, Srikrishnan Hari Hara Sarma, and Executive Director, Sekhar Rao. The Board of Directors has accepted both resignations. No specific reasons for the departures or succession plans have been provided, leaving uncertainty about the bank's future direction.

30Jun 25

Karnataka Bank's Top Executives Resign Citing Personal Reasons

Karnataka Bank's Managing Director & CEO, Hari Hara Sarma, and Executive Director, Sekhar Rao, have resigned citing personal reasons. Sarma's resignation is effective from July 15, while Rao's is from July 31. The bank has formed a search committee for replacements and appointed Raghavendra Srinivas Bhat as the new Chief Operating Officer (COO) from July 2 to ensure operational continuity.

28Jun 25

Karnataka Bank CEO Srikrishnan Sarma Steps Down Amid Spending Controversy

Karnataka Bank's CEO and Managing Director Srikrishnan Sarma has reportedly resigned following a dispute with the bank's board over unauthorized expenditures. The controversy emerged in May, but a formal announcement is pending board approval. This development raises questions about the bank's internal controls and financial oversight. Stakeholders are awaiting further details and the bank's plans to address the leadership transition.

14May 25

Karnataka Bank Reports Q4 NIM of 2.98%, Shows Mixed Financial Performance

Karnataka Bank's Q4 results show a 2.98% Net Interest Margin. Net profit decreased by 15.68% to ₹283.50 crore, while operating profit slightly declined by 3.81% to ₹1,500.50 crore. Total revenue grew modestly by 1.52% to ₹2,542.00 crore. Interest income increased by 3.54%, and non-interest income rose by 10.78%. Annual performance for FY2024 was more positive, with net profit up 10.68% to ₹1,306.30 crore and total revenue growing 17.10% to ₹9,617.40 crore.

14May 25

Karnataka Bank: Q4 Profit Dips 8%, Declares ₹5 Dividend

Karnataka Bank's Q4 FY23 results show an 8% YoY decline in net profit to ₹252.40 crore, while full-year profit decreased by 2.6% to ₹1,272.37 crore. Net Interest Income fell 6.4% YoY. However, the bank improved its asset quality with GNPA at 3.08% and saw 15.44% growth in retail advances. A dividend of ₹5.00 per share was declared.

17Apr 25

Karnataka Bank Appoints Forensic Auditors to Review Suspicious UPI Transactions

Karnataka Bank has appointed M/s. Pipara & Co. LLP as forensic auditors to investigate suspicious global UPI transactions identified on February 17, 2023. This decision follows directions from the bank's board and the RBI. The bank previously reversed Rs 18.87 crore of suspicious cross-border UPI transactions and assures that regular operations and customer service remain unaffected.