Karnataka Bank
187.92
-0.79(-0.42%)
Market Cap₹7,132.60 Cr
PE Ratio5.60
IndustryBanks
Company Performance:
1D-0.42%
1M-9.39%
6M+3.29%
1Y-18.80%
5Y+336.52%
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Latest news about Karnataka Bank
Karnataka Bank's Head of Wholesale & Mid-Corporate Banking Steps Down 1 day ago Yesterday
Giridhar Rajaram, Head of Wholesale & Mid-Corporate Banking at Karnataka Bank Ltd. (KBL), has resigned. His resignation was accepted on July 18, 2025, and he was relieved from duties on July 25, 2025. Rajaram is no longer a Senior Management Personnel of the bank. KBL disclosed this change to stock exchanges in compliance with SEBI regulations.
Karnataka Bank Appoints Veteran Banker Raghavendra S Bhat as Interim MD & CEO Jul 15, 2025
Karnataka Bank Faces Leadership Shake-up: Emkay Global Downgrades Stock Jul 01, 2025
Karnataka Bank Demonstrates Financial Strength with Robust Capital Adequacy Ratio Jun 30, 2025
Karnataka Bank Refutes 'Malicious' News Report, Reaffirms Financial Strength Jun 30, 2025
More news about Karnataka Bank
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.
Karnataka Bank
187.92
-0.79
(-0.42%)
1 Year Returns:-18.80%
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