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Latest news about Karnataka Bank

Karnataka Bank Schedules Q3FY26 Earnings Conference Call for February 11, 2026 3 hrs ago Today

Karnataka Bank has scheduled its Q3FY26 earnings conference call for February 11, 2026 at 03:30 PM IST to discuss financial results for the quarter and nine months ended December 31, 2025. The audio conference call is exclusively for analysts and institutional investors, with comprehensive dial-in arrangements including universal numbers for India and toll-free international access across multiple countries. The bank will provide presentation materials, audio recordings, and transcripts on stock exchanges and its website post-results declaration.

Karnataka Bank Board Approves Re-appointment of Two Independent Directors for Three-Year Terms 7 days ago

Karnataka Bank Discloses Strike Notice by Bank Unions for January 27, 2026 9 days ago

Karnataka Bank Shareholders Approve Appointment of Raghavendra Srinivas Bhat as Managing Director & CEO Jan 22, 2026

DK Shivakumar Emphasises Bengaluru's Role in Showcasing India's Investment Potential at WEF Jan 22, 2026

More news about Karnataka Bank

14Jan 26

Karnataka Bank Wins Multiple Awards at IBA Banking Technology Awards

Karnataka Bank secured multiple awards at IBA Banking Technology Awards, winning Best Fintech & DPI Adoption category and achieving runner-up position in Best Tech Talent. The bank also received Special Mention in Best Technology Bank, Best Digital Financial Inclusion, and Best Digital Sales categories, reflecting comprehensive digital transformation efforts.

13Jan 26

Karnataka Bank Introduces Online Payment Facility for Khajane 2 Government Receipts

Karnataka Bank has launched an online payment facility for Khajane 2 government receipts, enabling customers to make government-related payments through the bank's digital platform. This service enhances convenience by allowing users to complete transactions online without visiting physical locations. The initiative supports digital payment adoption and demonstrates the bank's commitment to expanding its online service offerings.

06Jan 26

Karnataka Bank Reconfirms Company Secretary and RTA Details Under SEBI LODR Regulations

Karnataka Bank Limited reconfirmed key corporate appointments under SEBI LODR compliance on January 06, 2026. Mr. Sham K continues as Company Secretary and Compliance Officer since February 27, 2023, while Integrated Registry Management Services Private Limited remains the bank's RTA. The disclosure was communicated to NSE and BSE, ensuring regulatory compliance and stakeholder transparency.

15Dec 25

Karnataka Bank Completes Postal Ballot Dispatch for MD-CEO Appointment Approval

Karnataka Bank has completed the dispatch of postal ballot notices seeking shareholder approval for appointing Mr. Raghavendra Srinivas Bhat as Managing Director and CEO. The bank published newspaper advertisements and set up e-voting through NSDL from December 24, 2025, to January 22, 2026, with results expected by January 24, 2026.

15Nov 25

Karnataka Bank Appoints Raghavendra S Bhat as Managing Director & CEO

Karnataka Bank's Board of Directors has appointed Raghavendra S Bhat as the new Managing Director & CEO, effective November 16, 2025, for a one-year term. The appointment, approved by the Reserve Bank of India, brings Bhat's extensive experience in banking operations, HR, IT & Digital Banking, Treasury & Forex Operations, and Rural Economy to the leadership role.

08Nov 25

Karnataka Bank Reports 9.1% Quarter-on-Quarter Increase in Q2 Net Profit

Karnataka Bank's Q2 net profit increased 9.1% quarter-on-quarter to Rs 319.12 crore, despite a marginal decline in topline performance. The bank's asset quality improved with gross NPA ratio decreasing to 3.33% from 3.46% and net NPA ratio falling to 1.35% from 1.44%. The bank's aggregate business slightly decreased by 0.59% to Rs 1,76,461.34 crore. The Capital Adequacy Ratio improved to 20.84% from 20.46% in the previous quarter.

31Oct 25

Karnataka Bank's Chief Product Officer Ramaswamy Subramanian Steps Down

Ramaswamy Subramanian, Chief Product Officer of Karnataka Bank, has resigned from his position effective October 31, 2025. The bank disclosed this information to the National Stock Exchange of India and Bombay Stock Exchange, complying with SEBI regulations. This change follows the recent allocation of additional responsibilities to Mr. Niranjankumar R, the Chief Human Resources Officer. The bank is set to review its financial results for Q2 and H1 of 2025 on November 8, 2025.

31Oct 25

Karnataka Bank Assigns Additional Branch Banking Charge to Chief Human Resources Officer

Karnataka Bank has assigned Mr. Niranjankumar R, the current Chief Human Resources Officer (CHRO), additional responsibility for the Branch Banking Department. This change is effective from October 30, 2025, and will continue until further notice. Mr. Niranjankumar R, who joined as CHRO on June 10, 2024, will now oversee both HR & IR and Branch Banking departments. This move suggests a potential integration of human resource management with branch operations.

23Oct 25

Karnataka Bank's Head of Treasury Steps Down

Karnataka Bank announced the resignation of Ramachandra K Gurumurthy from his position as Head of Treasury, effective October 23, 2025. Gurumurthy has been relieved of his duties and ceases to be a Senior Management Personnel. The bank disclosed this information to the NSE and BSE in compliance with SEBI regulations.

13Oct 25

Karnataka Bank Announces Major Management Restructuring and Promotions

Karnataka Bank has unveiled significant changes in its senior management, effective October 13, 2025. The restructuring includes promotions and role reallocations across various levels. Five Deputy General Managers have been elevated to General Manager Cadre, including Raghuram H S as Chief Risk Officer and Chandrashekara G for Credit Sanctions. Seven Assistant General Managers have been promoted to Deputy General Manager Cadre, with new regional heads appointed for Bengaluru North, South, and Chennai. Additionally, three General Managers have been assigned new functional responsibilities in Legal & Recovery, Credit Sanctions, and HO-Credit Sanctions departments.

10Oct 25

Karnataka Bank's Head of Treasury Resigns, Citing Personal Reasons

Karnataka Bank announced the resignation of Ramachandra K Gurumurthy, Head of Treasury, effective October 3, 2025. Additionally, Ananthapadmanabha B., General Manager of Special Projects, has applied for voluntary retirement. The bank will inform stakeholders about management changes and actual exit dates after completing internal formalities. These simultaneous changes in key positions may signal a transition period for the bank.

23Sept 25

Karnataka Bank Shareholders Approve Key Appointments at 101st AGM

Karnataka Bank's 101st Annual General Meeting saw the appointment of Raghavendra Srinivas Bhat as Managing Director and CEO for three months or until a regular MD & CEO is appointed. Shareholders approved the reappointment of B R Ashok as Non-Executive Director and Uma Shankar as Non-Executive Independent Director. Other key resolutions included appointing joint Statutory Auditors, Secretarial Auditors, amending Articles of Association, and declaring a final dividend. The e-voting results showed strong shareholder support for most resolutions.

12Sept 25

Karnataka Bank Appoints Vijayakumar P H as New Chief Financial Officer

Karnataka Bank has announced the appointment of Vijayakumar P H as its new Chief Financial Officer, effective September 15, 2025. Vijayakumar, a 25-year veteran of the bank, will replace outgoing CFO Abhishek Sankar Bagchi. Starting as a Probationary Officer in 2000, Vijayakumar has risen through the ranks, most recently handling the Finance & Accounts portfolio. He holds a Bachelor of Commerce degree, is a Chartered Accountant, and a Certified Associate of the Indian Institute of Bankers. The appointment, which includes a promotion to General Manager (Scale VII), aligns with SEBI regulations and has been reported to stock exchanges.

04Sept 25

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

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.

22Aug 25

Karnataka Bank Sets Dividend Record Date and Re-appoints Uma Shankar as Independent Director

Karnataka Bank has set September 16, 2025, as the record date for dividend payment, subject to shareholder approval at the AGM on September 23, 2025. The bank's board has approved the re-appointment of Mrs. Uma Shankar as a Non-Executive Independent Director for an additional three-year term from November 1, 2025, to October 31, 2028, pending shareholder approval. Uma Shankar, a former RBI Executive Director with over 37 years of experience in the financial sector, has been on the bank's board since November 1, 2020.

01Aug 25

Karnataka Bank's Chief Product Officer Ramaswamy Subramanian Steps Down

Karnataka Bank Ltd. announced the resignation of Mr. Ramaswamy Subramanian, Chief Product Officer, citing personal reasons. The bank accepted his resignation on August 1, 2025, with details of his exit date pending. Additionally, two senior officials, Mrs. Sumana Ghate and Mr. Nagaraja Aithal, retired on July 31, 2025, upon reaching superannuation.

25Jul 25

Karnataka Bank's Head of Wholesale & Mid-Corporate Banking Steps Down

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.

15Jul 25

Karnataka Bank Appoints Veteran Banker Raghavendra S Bhat as Interim MD & CEO

Karnataka Bank has appointed Raghavendra S Bhat as interim Managing Director and CEO, effective July 16, 2025, for three months or until a permanent replacement is found. Bhat, previously COO, brings nearly four decades of banking experience. The appointment follows leadership changes and requires shareholder approval. Bhat will resign as COO on July 15, 2025, and assume the new role the next day, with RBI approval.

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.