Through this tie-up, Karnataka Bank customers will have access to a wide range of comprehensive insurance products and services provided by ICICI Lombard. These offerings include health insurance, motor insurance, travel insurance, home insurance, and more, catering to the diverse insurance needs of individuals and businesses alike.

Karnataka Bank partners with ICICI Lombard General Insurance Company

Karnataka Bank added 2.17% to Rs 232.80 after the private lender’s net profit increased 7.99% to Rs 400.33 crore in Q1 FY25 as against Rs 370.70 crore recorded in Q1 FY24.

Karnataka Bank gains after Q1 PAT rises 8% to Rs 400 cr

Operating profit for the quarter was lower at Rs 559 crore against Rs 601 crore, mainly due to 19% higher expenses against 12% rise in total income. Net interest income was 11% higher at Rs 903 crore.

Karnataka Bank Q1 results: Profit up 8% to Rs 400 crore, NII up 11%

Total Operating Income rise 16.30% to Rs 2277.99 crore

Karnataka Bank consolidated net profit rises 8.01% in the June 2024 quarter

Upcoming results:Larsen and Turbo, Axis Bank, Aditya Birla Sun Life AMC, Bajaj Finserv, Bajaj Holdings, Bikaji Foods, CMS Info System, Craftsman Automation, DCB Bank, Federal Bank, Go Fashion, HFCL, Indian Energy Exchange, IGL, Jindal Steel and Power, JK Paper, KPIT Tech, Karnataka Bank, Mahindra Lifespace Developers, MAS Financial Services, Oracle Financial Services, Petronet, PG ELectroplast, Hitachi Energy, Ramkrishna Forgings, SBI Life Insurance, Sona BLW Precision Forging amd Syngene International.

Stock Alert: Bajaj Finance, Hindustan Unilever, Torrent Pharma, Schaeffler India, ICICI Securities,

TFCILTD, an NBFC, appoints Deepak Amitabh and Dr Mahabaleshwara MS, boosting strategic capabilities. Amitabh, an Adani Group advisor, is strong in financial strategy. Dr. Mahabaleshwara, ex-MD & CEO of Karnataka Bank, enhanced digital footprint, key for financial planning, management, governance, and exploring growth avenues.

TFCILTD in focus: Adani Group advisor and former MD & CEO of Karnataka Bank join TFCILTD

Former MD & CEO of Karnataka Bank, Mahabaleshwara MS, appointed Independent Director of TFCI Ltd for 5 years.

Mahabaleshwara joins TFIC as Independent Director

Karnataka Bank at a launch event held in Bengaluru announced the launch of KBL WISE Senior Citizens Savings Bank Account, a unique banking product designed to cater to the Banking, Healthcare & Wellness needs of our esteemed senior citizens. The Product has been aptly named KBL WISE i.e.: Wellness I…

Karnataka Bank launches KBL WISE Senior Citizen Savings Account

Stocks to watch: Shares of firms like NTPC, IOCL, Sun TV, Cochin Shipyard, Bosch, Karnataka Bank, and others will be in focus on Monday’s trade.

Stocks To Watch: NTPC, IOCL, Sun TV, Cochin Shipyard, Bosch, Karnataka Bank, and Others - News18

Bosch, Glenmark Pharmaceuticals, Manappuram Finance, Affle India, Century Plyboards India, Karnataka Bank, Nazara Technologies and Kolte Patil Developers will also report their Q4 results today.

Q4 Results Today: Hindalco, NTPC, Torrent Pharma Among 250+ Companies To Report Earnings

For the reporting quarter, the company reported a decline in asset quality with the gross NPA up17 basis points QoQ to 3.64 percent and net NPA up 19 basis points QoQ to 1.55 percent in Q3FY24.

Karnataka Bank falls 10% as asset quality declines in Q3, net profit increases

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Karnataka Bank Limited is engaged in providing a range of banking and financial services, including retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.