Karnataka Bank Ltd
BSE:532652
Karnataka Bank Ltd
Karnataka Bank Ltd. is a banking company, engages in the provision of banking and financial services. The company is headquartered in Mangalore, Karnataka and currently employs 8,520 full-time employees. The company went IPO on 2000-12-21. The firm is engaged in providing a range of banking and financial services, including retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business. The company operates in four segments: Treasury, Corporate Banking, Retail Banking and Other Banking Operations. Its products and services include borrowing facilities, deposits, providing returns on funds and helping with overseas transactions. The company offers business banking services, such as working capital finance, term loans and business finance products. The company offers personal banking services that include savings accounts, cards, loans, deposits, insurance, investment other services and other products. Its loan portfolio includes housing loan, vehicle loans, personal loan, loan against property, education loan, gold loan and other loans.
Karnataka Bank Ltd. is a banking company, engages in the provision of banking and financial services. The company is headquartered in Mangalore, Karnataka and currently employs 8,520 full-time employees. The company went IPO on 2000-12-21. The firm is engaged in providing a range of banking and financial services, including retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business. The company operates in four segments: Treasury, Corporate Banking, Retail Banking and Other Banking Operations. Its products and services include borrowing facilities, deposits, providing returns on funds and helping with overseas transactions. The company offers business banking services, such as working capital finance, term loans and business finance products. The company offers personal banking services that include savings accounts, cards, loans, deposits, insurance, investment other services and other products. Its loan portfolio includes housing loan, vehicle loans, personal loan, loan against property, education loan, gold loan and other loans.
Loan Growth: Gross advances rose to INR 77,284 crores, up 5% quarter-on-quarter, with strong momentum in MSME, housing, and gold loans.
Profitability: Q3 PAT was INR 290.79 crores, down 9% sequentially but up year-on-year; management remains focused on profitability improvement.
NIM Rebound: Net interest margin improved to 2.92% from 2.72% in Q2; management expects NIM to cross 3% in the coming quarters.
Asset Quality: Gross and net NPA ratios showed slight improvement quarter-on-quarter; bank remains focused on controlling slippages and expects further reductions.
Funding Costs: CASA deposits grew 3% Q-o-Q, and share of high-cost bulk deposits continues to decline, supporting lower cost of funds.
Strategic Focus: Bank is prioritizing granular retail/MSME growth, digital transformation, cost control, and recovery from stressed accounts.
Guidance: Management reiterated targets for INR 85,000 crores advances by year-end, CD ratio near 76–80%, and ROA above 1%.
