KTKB

NSE:KTKBANK

Karnataka Bank

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  • Stock

195.60

−0.14%

−0.27

INR last updated 14/08 01:46:41

Last Close

195.87

02/05 08:51

Market Cap

82.86B

Beta: 0.97

Volume Today

370.22K

Avg: 1.23M

PE Ratio

6.27

PFCF: -

Dividend Yield

1.95%

Payout:0%

Ganesh Shanbhag of SMS Financial Services advises investors to subscribe to Karnataka Bank's rights issue, which is offered at a 20-25% discount (Rs 85 per share in a 2:5 ratio). The bank's stock is at a one-year low, with expectations of a Rs 150 crore PAT and expanded equity capital of Rs 188 crore. The lack of a core promoter and potential takeover prospects are highlighted, though minor issues like unregistered logos are considered negligible.

m.economictimes.com

Karnataka inaugurated the Telecom Centre of Excellence (TCOE), a national initiative led by Visvesvaraya Technological University (VTU) and Visvesvaraya Research and Innovation Foundation (VRIF), to advance research, innovation, and skilling in next-generation technologies like 5G/6G, AI, and quantum computing. The center operates via a Hub-and-Spoke model, collaborating with 30+ institutions across Karnataka and partnering with industry leaders to bridge academia-industry gaps and drive entrepreneurship.

thenewsmill.com

Karnataka Bank's shares fell 8% after the resignation of its managing director and chief executive officer (MD & CEO), Srikrishnan Hari Hara Sarma, and executive director Sekhar Rao, citing personal reasons. The resignations followed audit red flags, raising governance concerns. The bank appointed a new chief operating officer and formed a search committee for leadership roles. Analysts noted potential short-term pressure on the stock but expressed confidence in the bank's long-term stability.

business-standard.com

Karnataka Labour Minister Santosh Lad clarified that the proposal to extend daily working hours from nine to ten in the state originated from the central government, not the state government. He expressed opposition to the proposal in its current form and emphasized the need for stakeholder consultations. The draft amendment to the Karnataka Shops and Commercial Establishments Act, 1961, proposes increasing daily work limits to 10 hours with a weekly cap of 48 hours, while allowing 12-hour shifts including overtime. Unions have criticized the move, citing concerns about employee wellbeing and work-life balance.

news18.com

The Karnataka government's proposed 12-hour workday amendments have sparked warnings from experts about potential employee burnout, mental health issues, and a mass exodus of Gen Z workers. The policy, which limits workdays to 10-12 hours, is criticized for prioritizing corporate profits over employee well-being, with concerns about reduced productivity and Karnataka's reputation as a tech-friendly hub.

storyboard18.com

    Description

    The Karnataka Bank Limited provides personal and business banking products and services in India. It operates through four segments: Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company offers savings and current accounts; fixed, cash certificate, and recurring deposits; and non-resident rupee, ordinary non-resident, foreig...Show More

    Earnings

    Earnings per Share (Estimate*)

    24681012142020-03-312021-03-312022-07-252024-05-232024-10-22

    Revenue (Estimate*)

    10B20B30B40B2020-03-312021-03-312022-07-252024-05-232024-10-22

    *Estimate based on analyst consensus