Karnataka Bank Share Price
KTKBANK
Karnataka Bank Share Price Chart
About Karnataka Bank
Karnataka Bank Financials
Market cap ₹8,306 Crs | Open ₹219.90 | Close ₹218.83 |
Circuit range ₹263.78 - ₹175.85 | Day range ₹218.05 - ₹222.40 | Year range ₹192.00 - ₹286.55 |
Volume 17,69,162 | Avg. traded ₹220.14 | Revenue (12m) ₹8,825 Crs |
Karnataka Bank is a private-sector lender offering a comprehensive range of customised products and services. It is a leading 'A' Class Scheduled commercial bank with a presence across 22 states and 2 Union Territories through a network of 904 branches. Karnataka Bank was incorporated in 1924 in Mangalore.
Business operations
Karnataka Bank received a licence to carry out banking business from the Reserve of India in 1966. The bank forayed into the foreign exchange business in 1977. In 1989, it opened its merchant banking division.
Karnataka Bank signed a memorandum of understanding with Infosys Technologies Ltd for the implementation of Finacle, a core banking solution. It teamed up with Corporation Bank to share ATMs in 2002. A year later, Karnataka Bank took up a corporate agency for the distribution of products offered by Bajaj Allianz General Insurance Co. Ltd. In 2003, the bank introduced KBL Insta Cash, a personal loan offering, and KBL Vahana Mitra, a car loan product.
The bank teamed up with Western Union Financial Services to offer inbound money transfer services.
In 2005, Karnataka Bank launched a real-time gross settlement (RTGS) system under the name of Money Quick. The bank inked an agreement with National Financial Switch for ATM connectivity. In 2010, the bank launched a new savings bank account for women – KBL Vanitha.
In a major expansion move, Karnataka Bank opened 50 new branches in 2011 in 9 States. Additionally 34 new branches in Karnataka, three in Maharashtra, four in Tamil Nadu and two each in Uttar Pradesh and West Bengal were also set up.
In 2019, the bank tied up with PNB Metlife and LIC for the distribution of life insurance products. It also entered into an agreement with Universal Sompo General Insurance and Bajaj Allianz General Insurance Co Ltd for distribution of general insurance products through its network.
In FY 2021, Karnataka Bank began operations of its wholly owned non-financial subsidiary – KBL Services Ltd. As of December 30, 2023, Karnataka Bank Limited's market capitalisation stood at over ₹ 8,100 crore. Karnataka Bank share price has surged nearly 300% in the last three years.
Financial highlights
- The total income of the bank for FY-23 stood at ₹8,212 crore, up 14.45% over ₹7,175 crore in FY22.
- The bank’s net profit increased to ₹1,180 crore in FY23 as against ₹509 crore in FY22.
- Karnataka Bank’s net interest income surged to ₹3,185 crore in FY23 compared to ₹2,491 crore in FY22.
- The bank’s operating profit increased to ₹2,208 crore in FY22 as against ₹1,634 crore in FY22.
- The earnings per share (EPS) increased to ₹37.87 in FY23 from ₹16.36 in the last financial year.
Karnataka Bank Key indicators
52 week high ₹286.55 | 52 week low ₹192.00 | P/E ratio 5.93 |
P/B ratio 0.75 | ROE 14.48% | ROCE 14.25% |
Dividend yield 2.5% | Debt/Equity ratio 0.43 | EPS 34.63 |
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Analyst ratings:
Analyst ratings:
100%
Hold
0%
Sell
0%
This analysis is based on the reviews of 2 experts in the last 7 days
Karnataka Bank Fundamentals
Karnataka Bank Financial Ratios
Net Interest Margin (NIM)3.18% | ROA1.21% |
Credit Deposit72.92% | ROE14.48% |
Net profit margin15.74% | EPS34.63 |
Gross NPA3.53% | Net NPA1.58% |
CASA31.97% | |
Capital Adequacy Ratio (CAR)18 |
P/E ratio5.93 |
P/B ratio0.75 |
Dividend yield2.5% |
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Revenue statement
All values are in ₹ Crores (Cr)Learn more
Cash flow
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Balance sheet
All values are in ₹ Crores (Cr)Total assets
Total liabilities
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Karnataka Bank Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Fri, Dec 6 2024 | ₹219.90 | ₹219.82 | |
Thu, Dec 5 2024 | ₹219.87 | ₹218.83 | |
Wed, Dec 4 2024 | ₹216.40 | ₹218.17 | |
Tue, Dec 3 2024 | ₹210.90 | ₹216.42 | |
Mon, Dec 2 2024 | ₹212.01 | ₹210.21 | -0.84% |
Fri, Nov 29 2024 | ₹210.00 | ₹212.00 | |
Thu, Nov 28 2024 | ₹209.90 | ₹209.08 | |
Wed, Nov 27 2024 | ₹206.85 | ₹208.95 |
Events
Corporate actions
Dividend • ₹5.5/share
Ex date 03 Sep 2024
Dividend • ₹5/share
Ex date 22 Aug 2023
Dividend • ₹4/share
Ex date 18 Aug 2022
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