The Karnataka Bank Limited
Karnataka Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.
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The Karnataka Bank Limited has informed that employee unions have called for a one-day strike. While normal branch operations may be impacted, management is taking steps to maintain services, though any financial impact remains unquantifiable at this stage. Stay tuned for updates.
The bank reported FY26 Net Profit up 3% to H1,310.50 Cr. Gross advances grew 6.90% to H83,339.92 Cr; deposits rose 3.79% to H1,08,778.75 Cr. Asset quality improved: Gross NPA 2.78%, Net NPA 0.98%. The bank surpassed H2 lakh crore business, expanded digital offerings, and strengthened its board.
Karnataka Bank announced a significant business development, crossing the ₹2 Lakh Cr total business milestone. This achievement signals robust operational growth, market expansion, and reflects strong stakeholder support.
Karnataka Bank submitted its FY26 Annual Secretarial Compliance Report. The bank was found compliant with all regulations, indicating strong governance. No non-compliances, fines, or regulatory actions were reported by the company secretaries.
Karnataka Bank submitted a statement on privately placed debt securities, showing 300 Cr outstanding for bonds with a 10.70% p.a. coupon and a call option after five years.