loader2
Partner With Us NRI

Karnataka Bank Ltd share Price Today

Company details

219.65
225.15
137.75
286.55
6M Return 2.55%
1Y Return 60.89%
Mkt Cap.(Cr) 8,348.54
Volume 2,538,921
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 2,538,921

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Karnataka Bank announced FY24 results:

  • Karnataka Bank reported a record annual net profit of Rs 1,306.28 crore for FY24, marking an 11% increase from the previous year's Rs 1,180.24 crore.
  • During a meeting in Mangaluru, the Board of Directors approved the Audited Annual financial results for the year ended March 31, 2024, and proposed a dividend of 55% for approval in the forthcoming Annual General Meeting.
  • The Bank incurred a One-time Staff Cost of INR 152.2 crore in Q4FY24 relating to enhanced actuarial provisions arising out of the 12th Bi-partite settlement.
  • As of March 31, 2024, the Bank's business turnover stood at Rs 1,71,059.49 crore, showing a YoY growth of 15.06%.
  • Gross Advances increased by 19.08% YoY to Rs 73,001.66 crore, while Deposits grew by 12.24% YoY to Rs 98,057.83 crore. CASA deposits accounted for 31.97% of total deposits.
  • The Bank's PCR (Provision Coverage Ratio) including Technical write-offs remained at similar levels (~80%) as on March 31, 2024, compared to March 2023 and December 2023.
  • The Bank's CRAR (Capital to Risk Weighted Assets Ratio) under Basel III reached a record 18.00%, up from 17.45% last year, primarily due to a capital infusion of Rs 1,500 crore during FY24, through QIP and Preferential Allotments.
  • Gross NPA (GNPA) improved to 3.53% as of March 2024 compared to 3.74% as of March 2023, and Net NPA (NNPA) improved to 1.58% compared to 1.70% as of March 2023.
  • Standard restructured advances decreased to Rs 1,579 crore as of March 31, 2024, from Rs 2,571 crore as of March 31, 2023. Recoveries remained robust at approximately Rs 280 crore during FY24.
  • There was significant improvement in the overall GNPA Restructured Portfolio, which decreased from 11.0% of Gross Advances as of FY22 to 7.9% as of FY23 and further to 5.7% as of FY24.
  • The Bank's priority sector advances stood at 60% of ANBC, surpassing the minimum target of 40% specified by RBI.

Announcing the results at the Bank's Head Quarters at Mangaluru, Srikrishnan H, Managing Director & CEO of the Bank said "Karnataka Bank's financial achievements are a testament to its dedicated and ongoing transformational changes. Through a concerted effort to enhance technology-based deliveries coupled with operational efficiency, we are forging a new path forward. With a cultural shift towards relevance, we have introduced a range of new products, re-defined our technology architecture, built new partnerships, strengthened our management team and working on internal processes to be outbound and customer centric.

In Feb 2024, we celebrated the Bank's centenary, marking a historic milestone during our journey of Trust and Excellence. The Bank also successfully completed an ambitious Capital raising program of Rs 1,500 crore in a record six months that demonstrates investors' confidence in our vision and strategic direction. The Bank's brand-new positioning as "Bharat Ka Karnataka Bank" signals our pan-India approach for business presence."

Shri Sekhar Rao, Executive Director of the Bank, reflecting on the bank's performance stated, "Karnataka Bank has demonstrated a strong financial performance with sustained margins as per guidance, even in a volatile market. We continue to create value for our shareholders by enhancing our offerings and adapting to the market changes.

Our focus on fulfilling customer needs through innovation and product centricity is being achieved through fostering new partnerships and digitising the Bank. By embracing Digital transformation, the Bank aims to improve its streamline processes and deliver superior customer experiences. We stay committed to continuing our growth trajectory in the coming years."

Result PDF

View Other Company Results

Karnataka Bank Ltd shares SWOT Analysis

Strengths (7)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Company with Low Debt

Weakness (2)

  • Weak Momentum: Price below Short, Medium and Long Term Averages
  • High volume, top losers

Opportunity (1)

  • Stock with Low PE (PE < = 10)

Threats (3)

  • Increasing Trend in Non-Core Income
  • Increase in NPA in Recent Results
  • Increase in Provisions in Recent Results

Resistance and support

R1 224.4
R2 227.5
R3 229.9
Pivot

222.03

S1 218.9
S2 216.5
S3 213.4
EMA SMA
222.6
227.4
230.2
221.2
222.9
227.1
237.9
233.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
QUANT MUTUAL FUND QUANT SMALL CAP FUND Bulk Purchase 2023-06-30 184.07 3800000 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-06-30 184.27 1983935 NSE
QE SECURITIES Bulk Purchase 2023-06-30 185.16 1520293 NSE
Name Category Shares
B SUMANTHKUMAR REDDY PUBLIC 1.88%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Karnataka Bank Ltd Stocks COMPARISON

Financials( in Cr) Karnataka Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 221.30 1,517.20 1,131.95 828.60 1,174.00
% Change -0.96 1.65 -0.22 -0.42 0.75
Mcap Cr 8,348.54 1,152,603.34 794,893.32 739,493.35 362,363.32
Revenue TTM Cr 7,220.23 170,754.05 121,066.81 350,844.58 87,448.37
Net Profit TTM Cr 1,179.68 46,148.70 34,463.03 56,558.43 10,852.66
PE TTM 6.02 17.98 17.97 10.22 13.74
1 Year Return 60.89 -7.33 18.73 42.47 28.15
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 16.46 17.20 17.66 18.44 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 8,212.06 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,796.39 -24,413.80
LAST 3M 102,786.44 -26,675.26
LAST 6M 169,824.52 52,410.32
LAST 12M 262,867.28 126,756.31
Board of Karnataka Bank recommends final dividend

May 25, 2024 l BSE Announcement

Board of Karnataka Bank recommends final dividend

May 24, 2024 l BSE Announcement

NSE Board Meetings Forthcomming

May 24, 2024 l NSE Board Meetings Forthcomming

Date Action Type Ratio
Aug 22, 2023 Dividend 50
Aug 18, 2022 Dividend 40

Karnataka Bank Ltd Information

Stock PE (TTM)
6.02
Promoter Holding
0%
Book Value
238.1433
ROE
16.46%
Description
  • Karnataka Bank Ltd, a premier private sector bank, is a leading `A` Class Scheduled Commercial Bank in India. The Bank offers a total value package, a one-stop shop for all the banking needs. They provide Working Capital Finance, Term Loans and Infrastructure Finance to help the Business grow. The Bank operates in four business segments, namely treasury, corporate and wholesale banking, retail banking and other banking operations. As at 31 December 2020, the Bank has 2345 service outlets with 857 branches, 1 extension counters, 1014 ATMs & 473 cash recyclers spread across the country. Apart from the above, the Bank has 12 Regional offices, an International Division, a Data Centre, a Customer Care Centre, 4 Service branches, 3 Currency Chests, 2 Central Processing Centre`s and 6 Asset Recovery Management branches and 1 Digital Centre of Excellence. Further, New Delhi - Kalkaji branch has been merged with New Delhi - Chittaranjan Park branch. Karnataka Bank Ltd was incorporated on February 18, 1924 as The Karnataka Bank Ltd at Mangalore in Karnataka. The Bank was established to cater to the banking needs of the South Kanara Region. In May 23, 1924, the Bank obtained the certificate to commence business. In April 4, 1966, they received their license to carry on the banking business in India. The Bank was promoted by B R Vysarayachar and other leading members of the South Kanara Region. Under the able guidance of K S N Adiga, the second chairman of the Bank who held the post for a period of 21 years, the Bank made significant progress thereby providing a strong foundation and as a result grew in stature in terms of number of branches, deposits, advances etc. In the year 1964, the Bank took over the assets and liabilities of the Chitaldurg Bank Ltd. In the 1966, they took over the assets and liabilities of the Bank of Karnataka Ltd, Hubli and opened 14 new branches in places where the Bank of Karnataka Ltd was formerly functioned. In the year 1997, the Bank became an authorized dealer of foreign exchange and established specialized branches for financing foreign exchange, industry and agriculture, etc. In the year 1989, they opened a merchant banking division. In the year 1995, the Bank came out with the public cum right issue aggregating Rs 81 crore. In the year 2000, they signed an MoU with Infosys Technologies Ltd for implementation of Finacle, a Core Banking Solution. In the year 2002, they made a pact with Corporation Bank for sharing ATM`s. Also, they made a tie-up with MetLife India for the distribution of insurance products as a corporate agent. In the year 2003, the Bank took up Corporate Agency for distribution of products of Bajaj Allianz General Insurance Co Ltd. The Bank in association with MetLife India launched K-Life a term product designed for SB/current account holders of the bank. Also, the Bank launched a credit product `KBL Insta Cash` for consumption purposes, and `KBL Vahana Mitra` for the purchase of new vehicles. The Bank along with Western Union Financial Services made tie-up with Bharat Overseas Bank to provide inbound money transfer services. In the year 2004, the Bank launched the `Gold Card Scheme` for the exporters. In the year 2005, the Bank launched real time gross settlement (RTGS) system under the name of Money Quick. Also, they inked an agreement with National Financial Switch for ATM connectivity and launched `no frills` accounts. In the year 2006, they made a tie up with Franklin Templeton (I) Private Limited for distribution of their mutual funds. They launched CDSL-DP services at select branches. In the year 2007, the Bank signed MoU with Allahabad Bank, Indian Overseas Bank, Sompo Japan Insurance Inc. and Dabur Investment Corporation to form a joint venture for undertaking General Insurance business. During the year 2008-09, the Bank opend 16 branches at Moradabad, New Delhi - Karol Bagh, Thane, Mumbai - Vile Parle, Bommasandra, Bangalore - Chandra Layout, Bangalore - Sadashivanagar, Mysore - J P Nagar, Belgaum - Udyambag (Extension Counter upgraded), New Delhi - East of Kailash, Bangalore -Yelahanka New Town, Pune-Dhankawadi, Doddaballpur, Uppal Kalan, Bellandur and Hoskote. The Bank added 30 ATM outlets at various locations. Also, they shifted 15 branches/ offices to new premises. The Bank won the prestigious Sun and NDTV Green IT award instituted by Sun Microsystems and NDTV, for use of eco efficient green technologies to run business. During the year 2009-10, the Bank opened 17 branches in Patna, Kanakapura, Tambaram, Vellore, Dhanbad, Kolkata - Bhowanipore, Naganathapura, Gundlupet, New Delhi - Ashokvihar, Ujjain, Ghaziabad, Kancheepuram, Chennai - Annanagar (West), Brahmapur, Serillingampally, Durg and Rajarhat - Kolkata. The Bank added 46 ATM outlets at various locations. Also, they shifted 16 branches/offices to new premises. In April 2010, the opened their 9th Regional Office at Hyderabad. The Bank bagged `Special Award for use of IT for Internal effectiveness` for the year 2009, instituted by Institute for Development and Research in Banking Technology (IDRBT). As on March 31, 2010, the Bank had 464 branches, 217 ATM outlets, 8 Regional Offices, one International Division, one Data Centre, one Customer Care Centre, 5 Service branches, 2 Currency Chests, 6 Extension Counters and two Central processing centers, spread across 20 states and 2 Union Territories. Further, for better ambience and improved customer service. In September 2010, the Bank launched a new product exclusively for women, i.e. the new saving bank account for women named KBL Vanitah to encourage saving habit among the womenfolk and also to allay the fear of managing their wealth. The Bank plans to increase their total number of business units to 780, by increasing the total number of branches to 480 and own ATM network to 300 by March 2011. The Bank opened 50 new branches in 9 States - one each in the States of Andhra Pradesh, Chattisgarh, Haryana, Kerala and Chandigarh (U.T.), 34 in Karnataka, three in Maharashtra, four in Tamil Nadu, two each in Uttar Pradesh and West Bengal. Out of the 34 new branches opened in Karnataka, 13 are in Unbanked Rural Centres under Financial Inclusion Initiatives of the Bank. The Bank opened two more Regional Offices at Udupi & Tumakuru. Further, the Bank added 275 ATM outlets at various locations during the year 2015-16. The Bank has also 24x7 e-lobby facility at 25 locations. The Bank issued 9,42,35,441 equity shares of Rs10 each at a price of Rs70 per share including the premium of Rs60 per equity share on Rights basis in the ratio of 1 equity share for every 2 equity shares held aggregating Rs659.65 crore as per SEBI (ICDR) Regulations, 2009. The issue was subscribed by 1.85 times. After keeping in abeyance 98,575 entitlements pertaining to equity shares kept under Suspense Account, Board of Directors allotted 9,41,36,866 equity shares on 8 December 2016. The Bank opened 40 new branches in 9 States one each in the States of Punjab and West Bengal, 2 each in the states of Andhra Pradesh, Delhi [U.T], Kerala and Tamil Nadu, 3 in Gujarat, 4 in Maharashtra and 23 in Karnataka. Out of these 40 branches, 10 branches [9 in the state of Karnataka and one in Kerala] have been opened in Unbanked Rural Centres under Financial Inclusion Initiatives of the Bank. Further, the Bank has added 117 ATM outlets at various locations during the year 2016-17. The Bank has also 24x7 e-lobby/mini e-lobby facility at 110 locations. Bank also has 10,314 POS (Point of Sale) machines across India. The Bank opened 36 new branches in 11 states - one each in the States of Punjab, Tamil Nadu, Rajasthan, Delhi and Sikkim, 2 each in the States of Kerala, West Bengal, Andhra Pradesh and Telangana, 4 in Maharashtra and 19 in Karnataka. Out of these 36 branches, 8 branches have been opened in unbanked rural centres under financial inclusion initiatives of the Bank. The Bank has rolled out the Single Window Service concept at 44 branches during the Financial Year 2017-18 thus extending this facility to 64 branches as on 31 March 2018. During the year 2019, the Bank opened 39 new branches in 5 States - 1 in the State of Gujarat, 2 in the state of Rajasthan, 3 in the state of Andhra Pradesh, 4 in the state of Telangana and 29 in the state of Karnataka. Out of these 39 branches, 9 branches have been opened in unbanked rural centres under financial inclusion initiatives of the Bank and 1 branch has been opened under Left Wing Extremism (LWE) an ected district. As on 31 March 2019, your Bank had 836 banking outlets and 1 extension counter spread across 22 States and 2 Union Territories. During the year 2019, Bank has tied up with PNB Metlife India Insurance Co. Ltd. and LIC of India for distribution of life insurance products and Universal Sompo General Insurance Co. Ltd. and Bajaj Allianz General Insurance Co. Ltd. for distribution of general insurance products. Bank has also tied up with various Mutual Fund houses for distribution of mutual fund units. During April 2019, the Bank tied up another insurance partner viz., Bharti AXA Life Insurance Co. Ltd. for the distribution of its life insurance products in the branches of the Bank. During the year 2019, the Bank has successfully migrated Finacle Core Banking Solution to an upgraded version w.e.f. 10 February 2018 and the new version is providing better customer service. The Bank has undertaken several others IT projects like UPI iOS application, withdrawal of Cash from POS machines etc. Several enhancements have been made in Internet Banking, which includes on boarding, enabling of Digi-Locker and Green Pin features. Mailkoot service, which is bulk email facility, is implemented for Digital Marketing. Robotic Process Automation is implemented in several fields like Active Directory user maintenance. Bank has also taken up e-Waste management to ensure safe disposal of hazardous electronic waste. The total deposits of the Bank grew to Rs 68452.12 crore as on 31 March 2019 from Rs 62871.29 crore as on st 31 March 2018, registering a growth of 8.88%. The total advances grew to Rs 54828.20 crore as on 31 March 2019 from Rs 47251.75 crore as on st 31 March 2018 an increase of 16.03%. During the FY2019, the the Bank has allotted 72,000 (Seventy Two Thousand) rated, unsecured, redeemable, non-convertible, BASEL III Compliant, Lower Tier 2 Subordinated Bonds in the nature of Debentures of Rs 1,00,0000 each, aggregating Rs 720 crore in two tranches under Series V (Rs 400 crore) and Series VI (Rs 320 crore). The bank bagged "Bank with Best Technology Orientation" and "Best Corporate Social Responsibility Practices" awards instituted by ET NOW - World BFSI Congress. Also received Award in Atal Pension Yojana "Perform for Pride" Campaign under Branch Category, conducted by PFRDA. Also bagged ASSOCHAM SMEs Excellence Award - 2018, under "Excellent Service (Private Sector)" category, instituted by ASSOCHAM. The bank also won the Award in Atal Pension Yojana "Winners Arts of Possible" Campaign 2018-19, conducted by PFRDA. During the fiscal 2020, the total deposits of the Bank grew to Rs 71785.15 crore as on 31st March 2020 from Rs 68452.12 crore as on 31st March 2019. In spite of continued sluggishness in the market and tepid credit growth reported by the industry for financial year 2019-20, the total advances grew to Rs 56964.27 crore as on 31st March 2020, from Rs 54828.20 crore as on 31st March 2019. As at 31March 2020, the Bank had 2329 service outlets including 848 branches, one extension counter, 1,026 ATMs and 454 cash recyclers with a presence in 548 centres spread across 22 States and 2 Union Territories. During the FY2020, the Bank has rewarded the shareholders by way of issue of Bonus Shares in the ratio of 1:10 (one equity share for every ten shares held) and the allotment of 2,82,60,881 shares was made on 19 March 2020 to the eligible shareholders. With this, the paid up equity share capital of the Bank increased to Rs 310.87 crore as against the earlier Rs 282.61 crore. The bank bagged 3 awards at the IBA - Banking Technology Awards 2020 under the Small Bank Category. Also received Best MSME offering under Private Sector category in ASSOCHAM 7th National MSMEs Excellence Awards, instituted by ASSOCHAM. Also won the Third Best Performed Bank award at National Level under Old Private Sector Bank Category for the year 2018-2019, instituted by State Forum of Bankers` Club, Kerala. The bank won ET Business Excellence Award 2019, in the category "Excellence in Banking Service". Also received the Atal Pension Yojana "Game Changers" award instituted by PFRDA on 01-07-2019, for achieving 100% of AAPB target for the FY 2018-19. The bank has been Initiating steps for Setting-up of Bank`s Wholly Owned Non-Financial Subsidiary - `KBL Services Ltd.`. KBL Services Limited is a wholly owned subsidiary of Karnataka Bank Ltd with Paid up equity share capital of Rs.50.00 lakhs with 5,00,000 equity shares of Rs.10 each fully paid up. The company commenced its business with effect from 26-8-2020.

Registered Address

P O Box 599 Mahaveera Circle, Kankanady, Mangalore, Karnataka, 575002

Tel : 91-824-2228222
Email : comsec:ktkbank.com; investor.grievance:ktkbank.com
Website : http://www.ktkbank.com
Registrar

Alpha Systems Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532652
NSE Code : KTKBANK
Book Closure Date (Month) :
BSE Group : A
ISIN : INE614B01018

FAQ’s on Karnataka Bank Ltd Shares

You can buy Karnataka Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Karnataka Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 24, 2024 03:59 PM the closing price of Karnataka Bank Ltd was Rs.221.30.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 24, 2024 03:59 PM, the market cap of Karnataka Bank Ltd stood at Rs. 8,348.54.

The latest PE ratio of Karnataka Bank Ltd as of May 24, 2024 03:59 PM is 6.02

The latest PB ratio of Karnataka Bank Ltd as of May 24, 2024 03:59 PM is 1.08

The 52-week high of Karnataka Bank Ltd share price is Rs. 286.55 while the 52-week low is Rs. 137.75

Download App

Download Our App

Play Store App Store
market app