NSE: KTKBANK · BSE: 532652
KARNATAKA BANK LIMITED
A private sector bank that takes deposits and lends across retail, corporate, and treasury books. For the nine months to 31 December 2024, retail banking contributed 44.3% of segment revenue, corporate banking 35.6%, treasury operations 15.7%, other banking operations 2.9%, and unallocated items 1.5%. Retail banking covers housing, vehicle, gold, agriculture and MSME loans; corporate banking covers mid-corporate advances that the bank has been growing to replace lower-yielding IBPC and food credit exposure. Treasury operations invest the bank's surplus in government securities and other instruments. The bank's aggregate business stood at ₹1,92,118 crore in FY26, comprising gross advances of ₹83,340 crore and deposits of ₹1,08,779 crore, with CASA at 33.61% of deposits. Q4 FY26 net profit was ₹408.19 crore and full-year FY26 net profit was ₹1,310.75 crore; NIM expanded to 3.07% in Q4 and cost-to-income improved to 50.47%. In Q1 FY27, gross advances rose to ₹86,610 crore, deposits to ₹1,10,396 crore, NIM to 3.20%, and the bank crossed ₹2 lakh crore of total business on 31 July 2026. The main cost driver is interest paid on deposits and borrowings, which funds the loan book. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking (44%), Corporate Banking (36%), Treasury Operations (16%), Other Banking Operations (3%). Mid-sized, asset-heavy private sector bank with a deposit-funded lending model
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 508 | 1,180 | 1,307 | 1,273 | 1,311 |
| EPS, as reported (₹) | 16.36 | 37.87 | 39.84 | 33.70 | 34.67 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (467) | 1,830 | 483 | 210 | 1,100 |
| Capex | — | — | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 429 | 349 | 344 | 357 | 420 | 357 | 525 | 552 |
| Net profit | 336 | 284 | 253 | 293 | 319 | 291 | 408 | 419 |
| EPS (₹) | 8.90 | 7.51 | 6.68 | 7.74 | 8.44 | 7.69 | 10.80 | 11.08 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HDFC BANK LTD | 10,55,451 | 13.3 | — | — | — | — | — | — |
| ICICI BANK LTD. | 9,88,387 | 17.6 | — | — | — | — | — | — |
| KOTAK MAHINDRA BANK LTD | 4,39,694 | 11.5 | — | — | — | — | — | — |
| AXIS BANK LIMITED | 3,78,522 | 13.6 | — | — | — | — | — | — |
| FEDERAL BANK LTD | 85,395 | 18.2 | — | — | — | — | — | — |
| IDBI BANK LIMITED | 83,342 | 8.9 | — | — | — | — | — | — |
| INDUSIND BANK LIMITED | 66,304 | 50.1 | — | — | — | — | — | — |
| IDFC FIRST BANK LIMITED | 63,344 | 28.3 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.2 | 12.3 | 4 of 20 | 84% |
| Profit growth | 43.3 | 29.5 | 5 of 20 | 79% |
| Market cap | 11721 | 41392 | 17 of 20 | 16% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Karnataka Bank Q2 FY27: PAT up 37%, gross advances up 25%, asset quality improves | investor communications | medium | — | — |
| 28 Oct 2026 · Karnataka Bank posts record Q2 FY27 business and 37% profit growth | compliance | low | — | — |
| 28 Oct 2026 · September quarter profit rises 37% as bad-loan ratio falls | results | high | — | — |
| 19 Oct 2026 · COO Mr. Raja B S resigns from Karnataka Bank | management changes | high | — | — |
| 19 Oct 2026 · Allotment of 58,065 shares under KBL ESOS 2018 | capital market events | low | — | — |
| 17 Oct 2026 · Karnataka Bank schedules Q2FY27 earnings call on Oct 29 | board shareholder meetings | low | — | — |
| 16 Oct 2026 · Board meet on Oct 28 to consider Q2 and H1 FY26-27 financial results | results | low | — | — |
| 15 Oct 2026 · Karnataka Bank launches Nava Dhamaka 2026 with nine new digital solutions | business updates | medium | — | — |
| 12 Oct 2026 · Karnataka Bank launches Trade Konnect digital platform for trade and remittances | business updates | medium | — | — |
| 9 Oct 2026 · Half-yearly disclosure of privately placed debt securities | credit debt | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.