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Karnataka Bank appointed Mr. Sughosh Nagendra as Chief Technology Officer, effective 30 October 2026. The appointment is a senior management change with no monetary value.
Karnataka Bank reported robust growth across key metrics, driven by retail expansion and strategic pruning of low-yield corporate exposure.
Q2 FY27: PAT ₹436 cr (+36.6% YoY), NII ₹982 cr (+34.9% YoY), gross advances ₹92,015 cr (+25% YoY), GNPA 2.27% (-106 bps YoY). Asset quality and CASA are the focus.
Karnataka Bank's board approved Q2 FY27 results, with net profit of Rs.435.89 crore, up 37% YoY. Aggregate business hit an all-time high of Rs.2,07,132.41 crore.
Karnataka Bank Ltd reported revenue from operations of ₹2,504 Cr (+14.9% YoY) and net profit of ₹435.9 Cr (+36.6% YoY) for Q2 FY27.
Karnataka Bank's Chief Operating Officer, Mr. Raja B S, has resigned from the Bank's services, effective October 19, 2026, to pursue other career interests.
Karnataka Bank allotted 58,065 equity shares to employees following the exercise of vested options under the KBL Stock Option Scheme 2018.
Karnataka Bank Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI regulatory requirements.
Karnataka Bank scheduled a board meeting on October 28, 2026, to consider unaudited standalone and consolidated financial results for the quarter and half year ended September 30.
Karnataka Bank launched 'Nava Dhamaka 2026', unveiling nine new digital banking, payments and lending products. The move strengthens its digital and customer-service capabilities.
Karnataka Bank launched 'Trade Konnect', a digital platform enabling customers to submit import, export, and outward remittance requests online. This service enhances its digital banking offering.
Karnataka Bank filed its half-yearly statement of outstanding debt securities for the period ended September 30, 2026. One NCD worth ₹300 Crore remains outstanding with a 10.70% coupon maturing March 2032.
Karnataka Bank Ltd re-confirms the appointment of its Company Secretary and Compliance Officer and the details of its Registrar and Share Transfer Agent.
Karnataka Bank reported provisional Q2 FY27 business metrics, with gross advances growing 24.94% YoY to ₹92,014.58 Crore. Total deposits rose 11.98% to ₹115,138.05 Crore.
Karnataka Bank disclosed a three-day strike notice by UFBU-linked unions (28–30 Sep 2026). Normal branch functioning may be affected; losses are not quantifiable.
Karnataka Bank appointed M/s. Batliboi & Purohit as joint statutory auditors at its 102nd AGM. RBI approval was obtained for the three-year tenure.
Karnataka Bank disclosed e-voting results of its 102nd AGM via the Scrutinizer's Report. All ordinary and special resolutions passed, including final dividend and director appointments.
Karnataka Bank has promoted six officials, including Mr. Akshayaraj Ramakrishna Rao and Mr. Adiga Praveen Chakrapani, from Assistant General Manager to Deputy General Manager cadre.