Karnataka Bank Q3 Review - Fundamental Changes Underway; Signs Of Stress In Restructured Book: Axis Securities
The slowdown in the systemic credit growth rate would impact our estimates.25-01-2024
25-01-2024
Karnataka Bank Shares Plunge Over 12% After Q3 Net Interest Margin Narrows
The private sector lender's standalone net interest margin narrowed 35 basis points to 3.46% in the quarter ended December from 3.81% in the year-ago period.24-01-2024
KARNATAKA BANK LTD. - 532652 - Announcement under Regulation 30 (LODR)-Change in Management
Appointment of Independent Director on the Board of the Bank.23-01-2024
Karnataka Bank Results Earnings Call for Q3FY24
Conference Call with Karnataka Bank Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.23-01-2024
KARNATAKA BANK LTD. - 532652 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of post earnings Investor/Analyst Concall-Q3FY2423-01-2024
KARNATAKA BANK LTD. - 532652 - Security Cover Certificate For The Quarter Ended December 31, 2023 - Listed On NSE Debt Segment
Security Cover Certificate for the quarter ended December 31, 2023 - Listed on NSE Debt Segment23-01-2024
KARNATAKA BANK LTD. - 532652 - Disclosure In Terms Of Regulations 32 (1) & 52 (7) Of SEBI (LODR) Regulations, 2015 - Statement Of Deviation Or Variation For The Quarter Ended December 31, 2023
Disclosure in terms of Regulations 32 (1) & 52 (7) of SEBI (LODR) Regulations, 2015 - Statement of Deviation or Variation for the Quarter ended December 31, 202323-01-2024
Q3FY24 Quarterly Result Announced for Karnataka Bank Ltd.
Karnataka Bank announced Q3FY24 results: Profitability Net Profit: Karnataka Bank's net profit for 9M FY24 is Rs 1,032.04 crores, marking a 24.87% increase from the previous year's Rs 826.49 crore. Q3 FY24 Net Profit: The net profit for the third quarter stood at Rs 331.08 crore, reflecting a 10.11% growth compared to Rs 300.68 crore in the corresponding quarter of the previous year. Business Turnover Total Turnover: The bank attained a business turnover of Rs 1,61,936.36 crore as of 31-12-2023, growing at 9.22% YoY. Advances: Total advances rose to Rs 69,740.97 crores, indicating a 9.53% increase YoY. Deposits: Total deposits registered at Rs 92,195.39 crores, an 8.98% growth YoY. Asset Quality Gross NPAs (GNPAs): Gross NPAs were reported at 3.64%, a decrease from 3.74% in March 2023, but an increase from 3.28% YoY. Net NPAs (NNPAs): Net NPAs decreased to 1.55% from 1.70% in March 2023 and declined from 1.66% YoY. Provision Coverage Ratio (PCR): The PCR stood at 80.75% in December 2023, consistent with 80.86% in March 23 and an improvement from 80.21% compared to December 2022. Operational Highlights The bank's operating profit showed a slight variation of 1.57%. Net Interest Margin (NIM) was at 3.46%. Current and Savings Account (CASA) ratio remained nearly constant with a 0 basis point change YoY. Return on Assets (ROA) was reported at 1.21%. Shri Srikrishnan H, Managing Director & CEO: "Karnataka Bank's all-round performance can be attributed to improved operational efficiency and ongoing transformational changes undertaken by the Bank. We have consciously worked towards a cultural shift to be more relevant and launched several new products, improved our technology platforms and internal processes. In the last quarter, we expanded our offerings and acquisition strategy internally and through NBFCs/Fintech collaborations as well. We are on the right growth trajectory in our centenary year proudly reflecting upon a century of unwavering commitment to Trust & Excellence in the Pvt. Banking space" Shri Sekhar Rao, Executive Director: "Karnataka Bank has not only showcased commendable financial results but has also made significant strides in leveraging technology to enhance operational efficiency and customer engagement. Karnataka Bank has demonstrated resilience and adaptability in the face of challenging market conditions. As we celebrate these achievements, Karnataka Bank will continue to invest in technology, work with Fintechs and Partners, fostering a culture of innovation to ensure sustained growth and relevance in an ever-evolving financial ecosystem." Result PDF23-01-2024
KARNATAKA BANK LTD. - 532652 - Closure of Trading Window
Intimation of Closure of Trading Window23-01-2024
KARNATAKA BANK LTD. - 532652 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release - Q3FY24 and nine months'' Financial Results23-01-2024