Page 3 - Karnataka Bank

Karnataka Bank posts net profit of Rs 146.42 crore in the third quarter

The private sector Karnataka Bank has posted a net profit of Rs 146.42 crore for Q3 of current financial year as against Rs 135.37 crore net profit earned during the corresponding quarter of last year

Karnataka Bank net profit rises 8% to Rs 146 crore in December quarter

Private sector Karnataka Bank reported an 8 per cent rise in net profit at Rs 146.42 crore for the quarter ended December 2021

Toyota Kirloskar Motor partners with Karnataka Bank for financing solutions

Toyota Kirloskar Motor (TKM) on Monday said it has partnered with Karnataka Bank to finance its vehicles across cities and towns in India. The company has signed a memorandum of understanding with Karnataka Bank, following which the bank will be one of the preferred financiers for the entire range of vehicles sold by TKM. The finance options at competitive interest rates will be available to customers, including those covered under priority sector schemes, for purchasing Toyota vehicles for private and commercial use, TKM said in a statement. "To meet the growing demand and improve the sales experience of our customers in both metros as well as smaller markets, we are looking to further expand the reach of Toyota products across the country with a sharp focus on rural markets," TKM Vice President (VP), Strategic Business Unit R Venkatakrishnan said. With this collaboration, he said, "We have focused on designing innovative schemes to suit the customer needs while also providing eas

Karnataka Bank's net profit up 5% at Rs 126 crore in September qtr

Private sector Karnataka Bank on Thursday reported a moderate rise of 5.17 per cent in its net profit at Rs 125.61 crore in the second quarter ended September 2021.

Karnataka Bank launches KBL FASTag for seamless toll deduction

Karnataka Bank on Wednesday launched KBL FASTag for seamless movement of vehicles at toll plazas by facilitating automatic deduction of the toll amount. Karnataka Bank launched its KBL FASTag, a pre-loaded payment instrument to facilitate seamless movement of vehicles at the toll plazas across India, in association with NPCI and Worldline, the FASTag processor, the bank said in a release. Mahabaleshwara MS, Managing Director and CEO of the Bank said: "The FASTag facilitates the users with the ease and convenience during transit through the toll plaza by saving time, fuel and money". Customers can procure FASTag through the bank's website or by approaching the nearby branch, said the lender. A FASTag can be pre-loaded digitally for the required amount and can be recharged online through credit card, debit card, net banking, IMPS, among others. While driving through a toll plaza, the applicable toll amount gets automatically debited through the sensors at the plaza and the driver ge

Karnataka Bank plans to raise Rs 6,000 crore via debt this fiscal

Karnataka Bank plans to raise up to Rs 6,000 crore debt capital during the current financial year, and it will seek shareholders' approval in the ensuing AGM next month

Karnataka Bank Q1 net down 46% to Rs 106 cr as treasury income dips

Mulls QIP for equity capital raise

Karnataka Bank Q4 net profit rises 15% at Rs 31 cr; NII declines 13%

The capital adequacy ratio improved to 14.85% in March 2021

Karnataka Bank targets over Rs 1.42 trn business turnover in FY22

Public sector Karnataka Bank has targeted 12 per cent business growth in the current fiscal year, expecting total business of over Rs 1.42 trillion.

Karnataka Bank reports Rs 34.16-crore fraud to Reserve Bank of India

Private sector lender Karnataka Bank on Friday said it has reported to the RBI a fraud of about Rs 34.16 crore in credit facilities extended to IL&FS Transportation Networks, which is a dud account now. "The bank has reported to RBI (Reserve Bank of India) a fraud in the credit facilities extended earlier to IL&FS Transportation Networks Ltd with an outstanding balance of Rs 34.16 crore (defaulted entity)," Karnataka Bank said in a regulatory filing. The lender said IL&FS Transportation had availed credit from it during 2016 under multiple banking arrangement in which Karnataka Bank was one of the members. During 2018, the borrowing account was classified as non-performing asset and has been fully provided for, it added. Karnataka Bank stock closed 0.72 per cent down at Rs 69.40 apiece on BSE.

Karnataka Bank third quarter net profit rises 10% to Rs 135 crore

The bank reported a 10 per cent increase in net profit at Rs 135.38 crore for the December quarter on account of a decline in bad loans

Stocks to watch: GAIL, Tata Motors, Dishman Carbogen, DRL, Karnataka Bank

Jaguar Land Rover's retail sales fell 9 per cent YoY to 1,28,469 units in the October-December quarter

Tata Motors partners with Karnataka Bank for retail finance support

Tata Motors has signed a memorandum of understanding with Karnataka Bank to introduce financing offers for customers

Covid-19 impact: Karnataka Bank expects to recast less than 4% loans

Borrowers have to establish stress due to Covid-19 for financial profile.

Balancing tradition and new systems key for old, traditional banks: Experts

These banks need to understand their limitations and balance tradition with new age banking systems, they say

PE investors, foreign banks taking majority stakes may rescue old pvt banks

Several of these banks were placed under the Prompt Corrective Action (PCA) framework of additional regulator scrutiny but this does not seem to have stemmed the rot

Karnataka Bank reports highest-ever quarterly net profit of Rs 196 cr in Q1

The bank had posted a net profit of Rs 175.42 crore during the corresponding period of the previous financial year, which also was its previous high in quarterly profit, it said in a release.

Market Ahead, July 6: Top factors that could guide markets this week

At 7:10 AM, SGX Nifty was trading more than 50 points higher at around 10,630 levels, indicating a higher opening for the Sensex and Nifty today

We are well capitalised, depositors need not worry: Karnataka Bank

We have been consistently maintaining CRAR above the minimum prescribed by the RBI as well as the bank's internal policy, Managing Director and CEO Mahabaleshwara M S said

Karnataka Bank Result 2019: Probationary Clerk final results out; check now

Candidates will have to login to Karnataka Bank's official website karnatakabank.com to see the Karnataka Bank Probationary Clerk Final Result 2019