Karnataka Bank, Federal Bank, and AU Small Finance Bank shares were up in the range of 2 per cent to 6 per cent on the BSE on Tuesday
After stabilising operations, Karnataka Bank aims to expand its loan book beyond Rs 85,000 crore by March 2026 with growth led by retail, agriculture and MSME lending
Karnataka Bank Q1 profit fell 27% to Rs 292.40 crore on higher provisions, but asset quality improved and capital adequacy rose to 20.46%
Bhat takes charge from 16 July following the resignations of Srikrishnan Sarma and Sekhar Rao, pending shareholder approval at the bank's upcoming annual general meeting
Karnataka Bank stock falls: Abrupt resignations following audit red flags raise serious concerns around governance and internal controls, which could dampen investor confidence, said ICICI Securities.