The Karnataka Bank Limited (KTKBANK.BO)
The Karnataka Bank Limited operates in the Banks - Regional industry of the Financial Services sector, headquartered in Mangalore, KA, IN. The stock last traded at $312.40, down 0.40% on the session, giving a market capitalisation of $117.71B. Its beta of 0.28 implies it has historically moved less than the broad market.
The Karnataka Bank Limited, established in 1924 and headquartered in Mangalore, India, delivers a comprehensive array of banking and financial solutions throughout the country. Its operations are structured across several key segments: Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. The bank offers an extensive range of deposit accounts, including savings, current, and foreign currency options for both resident and non-resident customers, alongside fixed, recurring, and cash certificate deposits. Additionally, it provides debit and Rupee gift cards. Its diverse lending portfolio encompasses personal, housing, education, vehicle, and property-backed loans. The bank also extends financial assistance to micro, small, and medium enterprises, provides business and micro loans, and offers specialized financing for contractors, commodity pledges, and women entrepreneurs, in addition to overdraft facilities. Agricultural financing covers a broad spectrum, including funding for short-term operations, minor irrigation projects, farm machinery purchases, agro-processing units, construction, floriculture, nurseries, tissue culture activities, and loans for solar energy and consumption. Beyond core banking, The Karnataka Bank Limited facilitates insurance services (life, general, and health), mutual fund investments, and a suite of digital and convenience-oriented offerings. These include secure locker facilities, an online KYC portal, e-filing, hundi services, money transfers, online fund remittances, demat and online trading, forex services, and merchant acquiring. The bank prioritizes accessibility through doorstep, digital, mobile, and internet banking channels. To further enhance the customer experience, it supports SWIFT wire and Ria money transfers, provides RTGS/IFSC codes, e-mail statements, e-commerce capabilities, IVR facilities, and ATM services. Its payment solutions include bill payments, recharges, student fee and loan payments, positive pay, FASTag, and locker rental services.
The Karnataka Bank Limited is most often compared with the following Financial Services names: