The Karnataka Bank Ltd.

•

karnatakabank.bank.inBSE: 532652NSE: KTKBANK

Market Cap₹ 12,343 Cr.

Current Price

High / Low₹ 346 / 170

Stock P/E8.6

Book Value₹ 345

Price to Book0.67

Dividend Yield1.53 %

ROCE11.0 %

ROE10.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Other Retail-Retail banking: 44.5% • Corporate/Wholesale Banking: 33.6% • Treasury: 18.8%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 22.1% CAGR over last 5 years
Comfortable capital adequacy - CAR of 20.1%
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 43.3% YoY, showing strong momentum
Strong provisioning - provision coverage ratio of 84.7%

CONS

A large part of profit comes from other income (84.6% of PBT)
Operating margins have contracted to 22.1% from 30.6%
Company has delivered a poor sales growth of 7.4% over past five years
Growth is decelerating - 3Y profit CAGR (3.6%) trails the 5Y trend (22.1%)
Though reporting repeated profits, the company pays out little dividend (14.4%)
Expensive relative to growth - PEG of 2.4

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Private

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	HDFCBANK	708.00	13.81	1091323.88	2.19	203826.90	1092.64	905753.30	936.66	12.81	35.64
2.	ICICIBANK	1379.15	17.65	989980.04	0.87	16209.74	12.62	52240.85	6.44	16.51	32.39
3.	KOTAKBANK	418.70	20.52	416508.36	0.16	5487.06	23.89	18354.57	6.41	12.05	19.05
4.	AXISBANK	1247.50	13.98	388399.91	0.08	7656.51	22.31	35541.96	9.87	11.04	63.88
5.	IDBI	83.44	9.63	89718.04	0.00	2130.57	5.27	7549.28	7.44	14.76	76.80
6.	FEDERALBNK	344.40	18.18	85149.33	0.35	1297.61	37.06	7861.58	9.94	10.98	66.11
7.	AUBANK	1058.00	43.57	79454.72	0.09	795.95	37.03	5302.74	21.11	14.17	56.24
8.	INDUSINDBK	977.80	57.61	76184.77	0.15	1037.02	71.68	11309.94	-7.78	4.97	55.07
9.	IDFCFIRSTB	86.20	32.24	74319.14	0.29	11478.20	2431.19	110510.90	1046.12	5.42	38.45
10.	YESBANK	23.47	19.52	73668.68	0.00	1071.81	32.53	8054.49	5.92	8.04	58.47
11.	RBLBANK	412.80	71.21	64022.78	0.24	2342.30	993.41	38402.40	1015.97	6.49	40.95
12.	KTKBANK	326.30	8.59	12342.59	1.53	419.12	43.29	2382.65	5.37	11.02	68.86

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,959	2,027	2,113	2,201	2,278	2,234	2,243	2,258	2,261	2,179	2,220	2,257	2,383
Interest Expended	1,144	1,204	1,285	1,367	1,375	1,401	1,450	1,478	1,506	1,451	1,428	1,414	1,444
Net Interest Income	815	822	828	834	903	834	793	781	756	728	792	843	938
	324	250	326	419	279	270	299	422	358	343	302	399	355
Total Income	0	0	0	0	2,557	2,504	2,542	2,680	2,620	2,523	2,522	2,656	2,738
Operating Expenses	0	0	0	0	6,237	6,429	6,588	8,270	6,466	6,314	6,426	6,267	713
Operating Profit	0	0	0	0	5,587	4,606	4,330	3,753	4,674	4,401	4,518	6,151	581
Provisions & Contingencies	0	0	0	0	403	313	838	311	1,108	200	948	904	29
Profit before Tax	450	402	396	315	518	429	349	344	357	420	357	525	552
Tax %	17.55%	17.90%	16.34%	12.92%	22.76%	21.66%	18.81%	26.62%	17.97%	24.01%	18.53%	22.20%	24.05%
Net Profit	0	0	0	0	400	336	284	253	292	319	291	408	419
EPS	12	11	10	8	11	9	8	7	8	8	8	11	1

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	8,299	9,014	8,918	—
Interest Expended	4,444	4,049	3,731	4,035	5,000	5,703	5,799	5,738
Net Interest Income	-4,444	-4,049	-3,731	-4,035	3,299	3,310	3,119	—
	1,262	1,404	954	993	1,319	1,270	1,403	1,400
Total Income	0	0	0	0	9,617	10,283	10,321	10,439
	0	0	0	0	2,454	2,752	2,547	—
Operating Profit	-4,444	-4,049	-3,731	-4,035	2,164	1,828	1,974	—
	-5	6	928	768	600	186	316	—
Profit before Tax	522	612	694	1,440	1,563	1,641	1,658	1,854
Tax %	0.00%	0.00%	0.00%	0.00%	16.41%	22.44%	20.96%	22.46%
Net Profit	432	482	508	1,180	1,307	1,273	1,311	1,437
EPS	14	15	16	38	35	34	35	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 7%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 22%
3 Years:: 4%

STOCK PRICE CAGR

10 Years:: 11%
5 Years:: 37%
3 Years:: 13%
1 Year:: 82%

RETURN ON EQUITY

10 Years:: —
5 Years:: 12%
3 Years:: 12%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-
Equity Capital	311	311	311	312	377	378	378
	5,660	6,331	6,783	7,900	10,469	11,705	12,845
	71,785	75,654	80,387	87,368	97,988	1,04,806	1,08,777
	4,065	1,765	2,314	1,563	4,400	1,941	5,329
Other Liabilities & Provisions	1,493	1,553	1,789	1,914	2,849	2,128	2,025
Total Liabilities	83,313	85,615	91,583	99,057	12	1,20,960	1,29,355
ASSETS	-	-	-	-	-	-	-
	2,756	4,866	3,957	5,204	7,717	7,525	7,063
Balances with Banks & Money at Call	163	449	480	955	337	459	672
	17,545	21,635	22,040	23,325	24,300	24,535	26,737
	56,964	51,516	56,783	59,952	71,509	76,541	81,810
	826	838	805	846	915	976	1,052
	5,058	6,310	7,505	8,746	11,293	10,909	12,013
Total Assets	83,313	85,615	91,583	99,057	12	1,20,960	1,29,355

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-90	3,368	-467	1,830	681	-321	1,100
Cash from Investing	-56	-87	-56	-88	-369	-161	-88
Cash from Financing	-545	-885	-355	-19	1,582	412	-1,260
	-690	2,396	-879	1,723	1,894	-70	-248

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	13.89	15.52	16.33	37.77	34.64	33.68	34.66
Book Value (₹)	176.93	198.70	213.23	246.57	274.13	306.51	334.30
Dividend per Share (₹)	0.00	1.80	4.00	5.00	5.50	5.00	5.00
PROFITABILITY
Net Interest Margin %	0.00%	0.00%	0.00%	3.56%	3.18%	3.04%	2.68%
ROA %	0.52%	0.57%	0.57%	1.24%	1.21%	1.07%	1.05%
ROE %	7.85%	8.26%	7.93%	16.46%	14.48%	11.61%	10.82%
	0.00%	0.00%	0.00%	47.16%	53.15%	60.10%	56.33%
ASSET QUALITY
Gross NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	3.08%	2.78%
Net NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	1.31%	0.98%
Provision Coverage %	0.00%	0.00%	0.00%	0.00%	0.00%	81.42%	83.54%
Slippage Ratio %	—	—	—	—	—	—	—
BALANCE SHEET & LIQUIDITY
CASA %	0.00%	0.00%	0.00%	32.97%	31.94%	31.75%	33.61%
Credit-Deposit Ratio %	0.00%	0.00%	0.00%	0.02%	0.04%	0.02%	0.05%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GROWTH & VALUATION
Net Profit Growth %	0.00%	11.74%	5.29%	132.22%	10.76%	-2.58%	2.98%
Book Value Growth %	0.00%	0.00%	0.00%	15.64%	11.18%	11.81%	9.07%
P/E (x)	0.00x	0.00x	0.00x	3.60x	6.50x	5.21x	6.44x
P/B (x)	0.00x	0.00x	0.00x	0.55x	0.82x	0.57x	0.67x
	0.00%	0.00%	0.00%	3.68%	2.44%	2.85%	2.24%

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	14.72	10.29	11.22	12.88	15.66	14.60	11.69	11.78	13.10
	22.85	22.05	20.22	18.15	17.00	16.10	15.84	16.16	15.75
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	62.42	67.66	68.56	68.97	67.35	69.30	72.46	72.05	71.15

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-11 - The Karnataka Bank Limited has informed the Exchange about

2026-09-10

Strikes/Lockouts/Disturbances

2026-09-10 - The Karnataka Bank Limited has informed the Exchange about strikes/lockouts/disturbances

2026-09-08

General Updates

2026-09-08 - The Karnataka Bank Limited has informed the Exchange about allotment of equity shares pursuant to exercise of vested stock options under the Karnataka Bank Employees Stock Option Scheme, 2023

2026-09-03

Change in Management

2026-09-03 - The Karnataka Bank Limited has informed the Exchange about change in Senior Management of the Bank

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - The Karnataka Bank Limited has informed the Exchange about Scheduling of meeting with Analysts / Institutional Investors

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - The Karnataka Bank Limited has informed the Exchange about Scheduling of meeting with Analysts / Institutional Investors

2026-09-01

Copy of Newspaper Publication

2026-09-01 - The Karnataka Bank Limited has informed the Exchange about Newspaper Advertisement in respect of 102nd Annual General Meeting of the Bank

2026-08-31

General Updates

2026-08-31 - The Karnataka Bank Limited has informed the Exchange about Disclosure in terms of Regulation 36 (1) (b) of the SEBI LODR Regulations, 2015

2026-08-31

General Updates

2026-08-31 - The Karnataka Bank Limited has informed the Exchange about Business Responsibility and Sustainability Report of the Bank for the FY 2025-26

News

Recent coverage and analyst commentary for KTKBANK

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The Karnataka Bank Ltd.

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Free 5nance Account

Name

HDFCBANK

708.00

13.81

1091323.88

2.19

203826.90

1092.64

905753.30

936.66

12.81

35.64

ICICIBANK

1379.15

17.65

989980.04

0.87

16209.74

12.62

52240.85

6.44

16.51

32.39

KOTAKBANK

418.70

20.52

416508.36

0.16

5487.06

23.89

18354.57

6.41

12.05

19.05

AXISBANK

1247.50

13.98

388399.91

0.08

7656.51

22.31

35541.96

9.87

11.04

63.88

IDBI

83.44

9.63

89718.04

0.00

2130.57

5.27

7549.28

7.44

14.76

76.80

FEDERALBNK

344.40

18.18

85149.33

0.35

1297.61

37.06

7861.58

9.94

10.98

66.11

AUBANK

1058.00

43.57

79454.72

0.09

795.95

37.03

5302.74

21.11

14.17

56.24

INDUSINDBK

977.80

57.61

76184.77

0.15

1037.02

71.68

11309.94

-7.78

4.97

55.07

IDFCFIRSTB

86.20

32.24

74319.14

0.29

11478.20

2431.19

110510.90

1046.12

5.42

38.45

YESBANK

23.47

19.52

73668.68

0.00

1071.81

32.53

8054.49

5.92

8.04

58.47

RBLBANK

412.80

71.21

64022.78

0.24

2342.30

993.41

38402.40

1015.97

6.49

40.95

KTKBANK

326.30

8.59

12342.59

1.53

419.12

43.29

2382.65

5.37

11.02

68.86

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

1,959

2,027

2,113

2,201

2,278

2,234

2,243

2,258

2,261

2,179

2,220

2,257

2,383

Interest Expended

1,144

1,204

1,285

1,367

1,375

1,401

1,450

1,478

1,506

1,451

1,428

1,414

1,444

Net Interest Income

815

822

828

834

903

834

793

781

756

728

792

843

938

324

250

326

419

279

270

299

422

358

343

302

399

355

Total Income

2,557

2,504

2,542

2,680

2,620

2,523

2,522

2,656

2,738

Operating Expenses

6,237

6,429

6,588

8,270

6,466

6,314

6,426

6,267

713

Operating Profit

5,587

4,606

4,330

3,753

4,674

4,401

4,518

6,151

581

Provisions & Contingencies

403

313

838

311

1,108

200

948

904

Profit before Tax

450

402

396

315

518

429

349

344

357

420

357

525

552

Tax %

17.55%

17.90%

16.34%

12.92%

22.76%

21.66%

18.81%

26.62%

17.97%

24.01%

18.53%

22.20%

24.05%

Net Profit

400

336

284

253

292

319

291

408

419

EPS

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

8,299

9,014

8,918

—

Interest Expended

4,444

4,049

3,731

4,035

5,000

5,703

5,799

5,738

Net Interest Income

-4,444

-4,049

-3,731

-4,035

3,299

3,310

3,119

—

1,262

1,404

954

993

1,319

1,270

1,403

1,400

Total Income

9,617

10,283

10,321

10,439

2,454

2,752

2,547

—

Operating Profit

-4,444

-4,049

-3,731

-4,035

2,164

1,828

1,974

—

-5

928

768

600

186

316

—

Profit before Tax

522

612

694

1,440

1,563

1,641

1,658

1,854

Tax %

0.00%

16.41%

22.44%

20.96%

22.46%

Net Profit

432

482

508

1,180

1,307

1,273

1,311

1,437

EPS

—

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

311

312

377

378

5,660

6,331

6,783

7,900

10,469

11,705

12,845

71,785

75,654

80,387

87,368

97,988

1,04,806

1,08,777

4,065

1,765

2,314

1,563

4,400

1,941

5,329

Other Liabilities & Provisions

1,493

1,553

1,789

1,914

2,849

2,128

2,025

Total Liabilities

83,313

85,615

91,583

99,057

1,20,960

1,29,355

ASSETS

2,756

4,866

3,957

5,204

7,717

7,525

7,063

Balances with Banks & Money at Call

163

449

480

955

337

459

672

17,545

21,635

22,040

23,325

24,300

24,535

26,737

56,964

51,516

56,783

59,952

71,509

76,541

81,810

826

838

805

846

915

976

1,052

5,058

6,310

7,505

8,746

11,293

10,909

12,013

Total Assets

83,313

85,615

91,583

99,057

1,20,960

1,29,355

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-90

3,368

-467

1,830

681

-321

1,100

Cash from Investing

-56

-87

-56

-88

-369

-161

-88

Cash from Financing

-545

-885

-355

-19

1,582

412

-1,260

-690

2,396

-879

1,723

1,894

-70

-248

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

13.89

15.52

16.33

37.77

34.64

33.68

34.66

Book Value (₹)

176.93

198.70

213.23

246.57

274.13

306.51

334.30

Dividend per Share (₹)

0.00

1.80

4.00

5.00

5.50

5.00

PROFITABILITY

Net Interest Margin %

0.00%

3.56%

3.18%

3.04%

2.68%

ROA %

0.52%

0.57%

1.24%

1.21%

1.07%

1.05%

ROE %

7.85%

8.26%

7.93%

16.46%

14.48%

11.61%

10.82%

0.00%

47.16%

53.15%

60.10%

56.33%

ASSET QUALITY

Gross NPA %

0.00%

3.08%

2.78%

Net NPA %

0.00%

1.31%

0.98%

Provision Coverage %

0.00%

81.42%

83.54%

Slippage Ratio %

—

BALANCE SHEET & LIQUIDITY

CASA %

0.00%

32.97%

31.94%

31.75%

33.61%

Credit-Deposit Ratio %

0.00%

0.02%

0.04%

0.02%

0.05%

0.00%

GROWTH & VALUATION

Net Profit Growth %

0.00%

11.74%

5.29%

132.22%

10.76%

-2.58%

2.98%

Book Value Growth %

0.00%

15.64%

11.18%

11.81%

9.07%

P/E (x)

0.00x

3.60x

6.50x

5.21x

6.44x

P/B (x)

0.00x

0.55x

0.82x

0.57x

0.67x

0.00%

3.68%

2.44%

2.85%

2.24%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Promoters

0.00

14.72

10.29

11.22

12.88

15.66

14.60

11.69

11.78

13.10

22.85

22.05

20.22

18.15

17.00

16.10

15.84

16.16

15.75

Government

0.00

62.42

67.66

68.56

68.97

67.35

69.30

72.46

72.05

71.15

The Karnataka Bank Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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The Karnataka Bank Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI