Karnataka Bank Ltd Share Price (KTKBANK)

Karnataka Bank Expands Collaboration with FISDOM to Offer 3-in-1 Accounts - 11 Apr, 2024

Karnataka Bank has partnered with FISDOM to offer savings, demat, and trading accounts through its mobile banking app. The bank's Q3 FY24 standalone net profit rose to Rs 331.08 crore, while net sales grew by 18.7% YoY. Karnataka Bank shares fell by 0.26% to close at Rs 232.20 on April 10, 2024.

Karnataka Bank partners with FISDOM to offer 3-in-1 accounts - 10 Apr, 2024

Karnataka Bank has partnered with FISDOM to offer a 3-in-1 savings, demat and trading account through its mobile banking app. This will enable customers to invest in stocks and mutual funds seamlessly, streamlining their investment journey by consolidating their demat and trading accounts.

Karnataka Bank Completes Planned Capital Raise Program - 01 Apr, 2024

Karnataka Bank completes its planned capital raise program of Rs 1,500 crore with the approval of a QIP issue of Rs 600 crore. The proceeds will be used to meet the growing business needs of the bank. The bank's standalone net profit increased to Rs 331.08 crore in Q3 FY24.

Karnataka Bank Raises Rs 600 Crore Through QIP - 30 Mar, 2024

Karnataka Bank has successfully concluded a qualified institutional placement (QIP) of equity shares, raising approximately Rs 600 crore. The proceeds will be utilized to meet the needs of the growing business of the bank. Additionally, the bank signed an agreement with ICICI Lombard General Insurance Company to distribute their general insurance products to its customers.

Karnataka Bank Completes Planned Capital Raise Program - 29 Mar, 2024

Karnataka Bank has completed its planned capital raise program of Rs 1,500 crores through a QIP for Rs 600 crores and preferential issues. The proceeds will be used to meet the growing business needs of the bank. MD & CEO Srikrishnan H. welcomed new institutional investors and thanked them for their trust in the bank's journey.

Karnataka Bank Raises Rs 600 Crore Through QIP - 28 Mar, 2024

Karnataka Bank has raised around Rs 600 crore through a qualified institutional placement by issuing shares to institutional investors. The proceeds will be used to meet the needs of growing the business.

Karnataka Bank poised for growth rejuvenation, says LKP Securities - 26 Mar, 2024

Karnataka Bank is seeing green shoots of several steps the new management has taken over in the past two years. The bank reported a 10% rise in net profit to Rs 331 crore for Q3 FY24. The improving growth, efficiency, and profitability may drive a re-rating for the bank as it trades below its book value (trailing P/B of 0.9x). LKP Securities recommends a BUY with a target price of Rs 304.

Karnataka Bank Launches QIP to Raise Funds - 22 Mar, 2024

Karnataka Bank is set to raise Rs 600 crore through a Qualified Institutional Placement (QIP) with an indicative floor price of Rs 231.45 per share. The bank aims to reduce its gross non-performing assets and achieve its guidance on gross advances by 2026.