# Karnataka Bank share price today (Karnataka Bank Ltd, NSE: KTKBANK)

> Karnataka Bank share price today: ₹305.30 at the NSE close on 3 November 2026, up 71.3% in a year. Karnataka Bank (NSE: KTKBANK) is worth ₹11,560 crore, trades at a P/BV of 0.8 and has closed between ₹174.07 and ₹340.10 over the past 52 weeks. > Karnataka Bank Ltd's share price has risen faster than its earnings: +71.3% in a year, against +2.9% for earnings per share. KTKBANK · Banks - Private · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/karnataka-bank-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹305.30 (+71.3% in a year)
- P/BV: 0.8× (higher than 86% of the last 11 years)
- Revenue (Sep 2026): ₹2,504 Cr (+14.9% on a year ago)
- Profit (Sep 2026): ₹436 Cr (+36.7% on a year ago)
- Net margin: 17.4% (+2.8 points on a year ago)
- ROE: 10%, FY26
- Gross NPA (bad loans): 2.27% (−1.06 points on a year ago)

The main question: the share price moved +71.3% in a year while yearly earnings per share moved +2.9%. The difference came from the market paying a higher multiple. ## What is the Karnataka Bank share price today? Karnataka Bank Ltd's share price was ₹305.30 at the close on 3 November 2026. It has been rising for 46 weeks. That is 10.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹174 and ₹340, and at that close it sat 79% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 17 weeks in a row. Over the last 11 years the share price moved +376% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Karnataka Bank this quarter? Three changes stood out: bad loans at their lowest share in 17 quarters, foreign funds (FIIs) raised their stake for 3 quarters in a row and highest quarterly profit in 17 quarters. 1. Bad loans at their lowest share in 17 quarters Gross NPA, the share of loans not being repaid, was 2.27% in the September 2026 quarter, from 3.33% a year earlier. Why: Bad loans fell because the bank was stricter about who it lends to and kept a closer watch on repayments, so fewer loans went bad. Next results: check whether the big recoveries expected in the December quarter actually come in. From the earnings call on 29 Oct 2026. 2. Foreign funds (FIIs) raised their stake for 3 quarters in a row From 11.7% to 16.3% of the company by the September 2026 quarter. 3. Highest quarterly profit in 17 quarters Profit of ₹436 crore in the September 2026 quarter is the highest of the last 17 quarters. Why: Profit rose because interest earned on loans grew faster than deposit costs, and running costs fell as a share of income. Next results: check whether running costs stay around 51% to 52% of income as management expects, helped by more business and tech savings. From the earnings call on 29 Oct 2026. ## What are Karnataka Bank's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Karnataka Bank reported total income of ₹2,504 crore, up 14.9% from ₹2,179 crore a year earlier, and a profit of ₹436 crore, up 36.7% from ₹319 crore. ### Karnataka Bank results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹2,504 crore | ₹2,179 crore | +14.9% |
| Profit | ₹436 crore | ₹319 crore | +36.7% |
| Earnings per share | ₹11.52 | ₹8.44 | +36.5% |
| Net margin | 17.4% | 14.6% | +2.8 points |
| Gross bad loans (gross NPA) | 2.27% | 3.33% | −1.06 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Karnataka Bank's management discussed these results on a call held on 29 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.)

## What is the Karnataka Bank share price history? Karnataka Bank closed at ₹305.30 on 3 November 2026, up 71.3% from ₹178.25 a year earlier (31 October 2025) and up 333.7% over five years. Its highest weekly close since February 2016 was ₹340.10 on 4 September 2026. ### Karnataka Bank share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹300.55 | +1.6% |
| 1 month ago · 1 Oct 2026 | ₹321.60 | −5.1% |
| 6 months ago · 30 Apr 2026 | ₹268.61 | +13.7% |
| 1 year ago · 31 Oct 2025 | ₹178.25 | +71.3% |
| 3 years ago · 3 Nov 2023 | ₹217.10 | +40.6% |
| 5 years ago · 4 Nov 2021 | ₹70.40 | +333.7% |
| 10 years ago · 4 Nov 2016 | ₹103.32 | +195.5% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹64.20 | +375.5% |
| Highest weekly close since February 2016, also the 52-week high · 4 Sep 2026 | ₹340.10 | −10.2% |
| Lowest weekly close since February 2016 · 29 May 2020 | ₹34.70 | +779.8% |
| 52-week low (weekly close) · 14 Nov 2025 | ₹174.07 | +75.4% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (566 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Karnataka Bank? 3 Nov 2026: Karnataka Bank closed at ₹305.30, up 1.6% on the week and down 5.1% on the month. 29 Oct 2026: Karnataka Bank held its results call for July to September 2026. Management guided: Advances growth 15-20% and liabilities growth 10-15% with overall business around 15% in FY27. ### Earlier

- Results for July to September 2026: Total income up 14.9% and profit up 36.7% on a year earlier. - 15 Sep 2026: ex-date for a dividend of ₹5 a share. ## What dividend does Karnataka Bank pay? Karnataka Bank paid ₹5 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 1.64% at the ₹305.30 close on 3 November 2026. The last was a dividend of ₹5 a share, ex-date 15 September 2026. ### Karnataka Bank dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 15 Sep 2026 | ₹5 | Dividend | same day |
| 16 Sep 2025 | ₹5 | Dividend | same day |
| 3 Sep 2024 | ₹5.50 | Dividend | n/a |
| 22 Aug 2023 | ₹5 | Dividend | same day |
| 18 Aug 2022 | ₹4 | Dividend | 19 Aug 2022 |
| 18 Aug 2021 | ₹1.80 | Dividend | 20 Aug 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Karnataka Bank Ltd paid out 14% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Karnataka Bank management say on the latest results call? On the call for July to September 2026, held on 29 October 2026, Karnataka Bank's management guided: Advances growth 15-20% and liabilities growth 10-15% with overall business around 15% in FY27. > “There may be an impact of 1% to 1.5%, or 1.75%.”
> Raghavendra S. Bhat, on the call for July to September 2026

### What management guided

- H2 business addition ₹18,000 crore to complete ₹33,000 crore annual plan after ₹15,000 crore in H1; advances AOP ₹83,000 crore to ₹98,000 crore. - Portfolio mix to retail 60%, mid-corporate 22% and large corporate 18% going forward. - NIM 3-3.4% with bias to upper end on T-bill reset pass-through in H2. - ROA 1.1-1.4% in H2 with continuous improvement stance. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/4551-29-Oct-2026.pdf). (From the call for July to September 2026, 29 October 2026.)

## What is the future of Karnataka Bank? What is changing in the business? The changes showing up in Karnataka Bank's own numbers are costs spread over more sales and fewer bad loans. It is too early to say whether they last. Costs spread over more sales too early to call

The bank is lending out more of the deposits it already has (loans as a share of deposits rose from 71.9% a year ago to 78.5% in June 2026, per the summaries) while total costs stayed roughly flat. Net interest income, interest earned minus interest paid, went from ₹755 crore in June 2025 (2,261 − 1,506) to ₹939 crore in June 2026 (2,383 − 1,444), up about 24%, while operating expenses including bad-loan provisions went from ₹757 crore to ₹742 crore. Management says the cost-to-income ratio (costs as a share of income) fell from 58.93% in the September 2025 quarter to 55.1% in June 2026, after a one-off-helped 50.47% in March 2026. Why it may last: A large part of the gain is deposit costs catching up with past rate cuts, which happens once per rate cycle; the rest comes from lending out spare deposits, and that headroom is nearly used up at a 78.5% loans-to-deposits ratio. What could be flattering it: Lower bad-loan provisions (which sit inside operating expenses), one-off recoveries on written-off loans, and the lagged fall in deposit rates after the central bank's rate cuts, not the bank getting more out of a fixed cost base. Next check: Net interest income stays above ₹939 crore and cost-to-income stays at or below 55% in the September 2026 quarter, with loans growing at least as fast as deposits. Quarter by quarter, 4 quarters

July to September 2025

Net interest income fell to ₹728 crore (2,179 − 1,451), down from ₹833 crore a year earlier (2,234 − 1,401), as rate cuts cut loan yields faster than deposit costs. Costs including provisions were ₹651 crore. ✓ fact

From our notes of the call for July to September 2025: NII declined 3.6% on the previous quarter to ₹728 crore from ₹756 crore due to yield compression. October to December 2025

Net interest income recovered to ₹792 crore (2,220 − 1,428), flat against ₹793 crore a year earlier; costs including provisions ₹737 crore against ₹743 crore. One flat quarter, not yet a gain. ✓ fact

From our notes of the call for October to December 2025: NII grew 8.8% on the previous quarter to ₹792 crore. Cost of funds improved to 5.46% from 5.58%. January to March 2026

Net interest income ₹843 crore (2,257 − 1,414) against ₹780 crore a year earlier (+8%); costs including provisions fell to ₹717 crore from ₹865 crore. Part of the cost-to-income drop to 50.47% came from staff attrition and one-time recoveries on written-off loans, so this quarter flatters the trend. ✓ fact

From our notes of the call for January to March 2026: Q4 reached 50.47% partly from lower employee costs (attrition) and one-time TWO recoveries. April to June 2026

Net interest income ₹939 crore against ₹755 crore a year earlier (+24%); costs including provisions ₹742 crore against ₹757 crore. Cost-to-income rose back to 55.1% from the one-off-helped 50.5%, but is still below the 58.05% of June 2025. Interest paid fell ₹62 crore year on year even though deposits grew 7%, so lower deposits did much of the work. ✓ fact

From our notes of the call for April to June 2026: Cost-to-income rose to 55.1% from 50.5% on the previous quarter; management provided no full bridge. Fewer bad loans too early to call

Bad loans are falling. Gross bad loans fell from 3.46% of loans in June 2025 to 2.58% in June 2026, and net bad loans (after provisions) from 1.44% to 0.87%. Management says new bad loans (slippages) fell from 0.53% in the June 2025 quarter to 0.1% in June 2026, and the restructured book fell from ₹939 crore to ₹763 crore. Why it may last: Low slippage reflects a benign credit cycle plus stronger collections; it has not been tested through a downturn, the loan book is growing 17% a year, and the new expected-credit-loss provisioning rule starts in April 2027. What could be flattering it: Bad-loan percentages falling because loans are written off, or because a fast-growing book (gross advances up 17% year on year) makes the denominator bigger while new loans have not had time to go bad. Next check: Gross bad loans stay at or below 2.6% and the ₹750 crore overdue (SMA 2) pool shrinks without a rise in slippage above 0.5% or any disclosed write-off. Quarter by quarter, 4 quarters

July to September 2025

Gross bad loans 3.33% from 3.46%; net 1.35% from 1.44%; slippage 0.35% from 0.53%; credit cost 0.03%. ✓ fact

From our notes of the call for July to September 2025: Gross slippages at 0.35% vs 0.53% in Q1, demonstrating controlled asset quality trajectory. October to December 2025

Gross bad loans flat at 3.32% but rose in rupees to ₹2,565 crore from ₹2,453 crore; slippage rose to 0.47% after one large account (over ₹500 crore) went bad. ✓ fact

From our notes of the call for October to December 2025: Suddenly one particular account as I mentioned has swallowed all our efforts of recovery and other area. January to March 2026

Gross bad loans fell to 2.78%, net to 0.98%; slippage 0.20%; restructured book ₹806 crore; provision cover (excluding written-off loans) up to 65.39%. Write-offs in the quarter were not disclosed in the summary. ✓ fact

From our notes of the call for January to March 2026: Slippage compressed sharply to 0.20% Q4 from 0.47% Q3; management attributed to consistent stress management efforts. April to June 2026

Gross bad loans 2.58%, net 0.87%; slippage 0.1% and credit cost 3 basis points; restructured book ₹763 crore. Loans 30 to 60-plus days overdue (SMA 2) stood at ₹750 crore, which management blamed on holiday-timing technical defaults. ✓ fact

From our notes of the call for April to June 2026: Slippage was 0.1% and credit cost 3 basis points versus 0.2% and 10 basis points on the previous quarter. We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the Karnataka Bank story? What are the risks? A renewed rise in net non-performing loans alongside falling net interest margin would show that collections and funding repricing are no longer sustaining the recovery. ### Each change stops working if

- Liability repricing: Deposit competition forces funding costs upward before asset yields stabilize. - Collections and asset-quality improvement: Fresh slippages exceed collections and net non-performing loans start rising. - Distribution and deployment: Branch and hub expansion raises costs without delivering risk-adjusted loan growth. ### The main risks

- : Low credit costs may not survive stressed-account normalization. ⚠ estimate
- : Guidance revisions reduce the reliability of an unqualified turnaround forecast. ⚠ estimate
- : Margin recovery depends on deposit pricing while loan yields are still falling. ⚠ estimate
- : Recovery income and employee provisions complicate extrapolation of quarterly profit. ⚠ estimate

(Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in Karnataka Bank's next results? When Karnataka Bank reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Net interest income stays above ₹939 crore and cost-to-income stays at or below 55% in the September 2026 quarter, with loans growing at least as fast as deposits. | What to check | Why |
| --- | --- |
| Net interest income stays above ₹939 crore and cost-to-income stays at or below 55% in the September 2026 quarter, with loans growing at least as fast as deposits. | Costs spread over more sales |
| Gross bad loans stay at or below 2.6% and the ₹750 crore overdue (SMA 2) pool shrinks without a rise in slippage above 0.5% or any disclosed write-off. | Fewer bad loans |
| NIM progression toward upper-end of flagged band as spike resets through - per repricing lag commentary. | From the call |
| Large Q3 recoveries materialising from spilled Q2 cases driving further improvement - per zero-tolerance collection commentary. | From the call |

## Which stock lists is Karnataka Bank on? Karnataka Bank is on 4 of our India lists: Multibagger study list, Momentum stocks, Dividend stocks and Bank stocks. - [Multibagger study list Study stage: late](https://www.sectoralpha.in/multibagger-stocks-india)
- [Momentum stocks Market cap cr: 11291.568075117371](https://www.sectoralpha.in/momentum-stocks-india)
- [Dividend stocks Regular dividend yield (%): 1.68](https://www.sectoralpha.in/dividend-stocks-india)
- [Bank stocks Market value (₹ crore): 11291.568075117371](https://www.sectoralpha.in/sectors/bank-stocks-india)

## Is Karnataka Bank profitable? Karnataka Bank Ltd earned ₹436 Cr of net profit in the Sep 2026 quarter, +36.7% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹1,311 Cr. Over 10 years profit has grown 12.2% a year on average. That is 17.4% of the quarter's revenue. The same quarter a year earlier earned ₹319 Cr. For the full year, FY26 profit was ₹1,311 Cr (+3.0% on the year before). Why profit moved: revenue changed +14.9% on a year earlier and the margin moved +2.8 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +36.0% and revenue +4.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY27-Q1. revenue ₹2,383 Cr and profit ₹419 Cr as reported. FY27-Q2. revenue ₹2,504 Cr and profit ₹436 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much revenue does Karnataka Bank make, and is it growing? Karnataka Bank Ltd reported ₹2,504 Cr of income in the Sep 2026 quarter, +14.9% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 6.0% a year on average. The last full year, FY26, came in at ₹8,918 Cr. The last four reported quarters add to ₹9,364 Cr. FY26 revenue was ₹8,918 Cr, −1.1% on the year before. Recent pace: the last four quarters grew +4.8% on average, against 6.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +4.7%, against +3.0% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +35.4%, against +7.6% a year (accelerating). FY27-Q1. revenue ₹2,383 Cr and profit ₹419 Cr as reported. FY27-Q2. revenue ₹2,504 Cr and profit ₹436 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much does Karnataka Bank keep from what it earns? Karnataka Bank Ltd's net margin was 17.4% in the Sep 2026 quarter, 2.8 percentage points higher than the same quarter a year ago. Across 13 years it has been between 6.0% and 16.3%. The latest quarter is above every full year in that period. Why this happened. Funding costs fell faster than loan yields, lifting the lending spread. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. FY27-Q1. revenue ₹2,383 Cr and profit ₹419 Cr as reported. FY27-Q2. revenue ₹2,504 Cr and profit ₹436 Cr as reported. Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How many of Karnataka Bank's loans have gone bad? Karnataka Bank Ltd's gross NPA, the share of loans that have stopped being repaid, is 2.27% in Sep 2026, down from 3.33% a year ago. After the money already set aside for bad loans, 0.74% is left (net NPA). That is the 5th quarter in a row of improvement. Across the 12 quarters on file it has been between 2.27% and 3.64%. Falling bad loans mean the loan book is healing; rising ones mean new damage. In Sep 2026, gross NPA was 2.27% and net NPA 0.74%, against 3.33% and 1.35% a year ago. In short: a lender's profit growth is only as good as its loans, and this loan book is healing, several quarters running. Quarterly detail on money set aside for bad loans is not in our data yet, so this shows the levels and the trend, not the cost of the clean-up. Why bad loans moved: recoveries, write-offs and new bad loans all play a part. That split is not in our data, so the page shows the trend without the breakdown. ## How fast is Karnataka Bank's loan book growing? Karnataka Bank Ltd's revenue was ₹8,918 Cr in FY26, −1.1% on the year before, so the loan book is not growing. The latest quarter was +14.9% on a year earlier. The net margin on that income is 17.4%, +2.8 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Karnataka Bank's P/BV ratio, and how does it compare with its own history? Karnataka Bank Ltd's P/BV is 0.8×, near the high end of its own history: higher than 86% of past readings. Its usual P/BV (the middle reading) is 0.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is low: this lender earns about 10% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve. Why the multiple is where it is: over the past year book value grew while the price moved +71.3%. The price ran ahead of book value, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +34.1% a year; about +10.4% a year came from book-value growth and about +23.7 percentage points from the multiple (the market paying more). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the book value trend underneath matters more than the multiple. ## What growth does the Karnataka Bank share price assume? Worked out from its price on 11 October 2026, Karnataka Bank Ltd's share price assumed profit growth of about 1.6% a year. Over the past 10 years its profit actually grew 12.2% a year. Today its P/BV is 0.8×, higher than 86% of its own last 11 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Karnataka Bank business getting better or worse? Karnataka Bank Ltd's business is turning around. Profit growth has swung from −12.7% at its low to +35.4%, improving for 4 quarters in a row, with ROE steady at 11.2%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is the Karnataka Bank story, and has it been checked? Karnataka Bank Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: MID EXPANSION. Still open: A renewed rise in net non-performing loans alongside falling net interest margin would show that collections and funding repricing are no longer sustaining the recovery. Our read, 10 October 2026. From the numbers. From the price. Price stage 2, week 46, above its 200-day line, relative strength falling. From the research. Where they disagree. The separate deterministic pe cycle current object is null. What is proven. What is not proven yet. A renewed rise in net non-performing loans alongside falling net interest margin would show that collections and funding repricing are no longer sustaining the recovery. What would change our mind. A renewed rise in net non-performing loans alongside falling net interest margin would show that collections and funding repricing are no longer sustaining the recovery. The test written in advance. A renewed rise in net non-performing loans alongside falling net interest margin would show that collections and funding repricing are no longer sustaining the recovery. Measured by: the thesis as written as stated by the next result. What the company does. Deposit repricing has lifted net interest margin even while loan yield declined. Falling non-performing-loan ratios support the recovery, although unusually low credit costs leave limited room for further benefit. What the surface reading misses. The surface reading is: Higher profit and lower non-performing-loan ratios suggest a recovery. The research reads it further: Revenue rose while interest expense fell, consistent with lower funding improving net interest income. Lower non-performing loans corroborate collections, but already-low credit costs and other income prevent attributing all profit growth to lending volume. What the surface reading misses. The surface reading is: A large profit increase appears to show rapid business growth. The research reads it further: Revenue was effectively unchanged while interest expense declined. Margin recovery, lower credit burdens and income composition are more plausible explanations than equivalent volume growth. Sources: our stock research file (10 October 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Karnataka Bank management deliver what it promised? What Karnataka Bank Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. ROA Guidance Lowered and Made Ambiguous · 29 October 2026. The Jul 2026 call stated a clear forward aim of 1.35%-1.40% for ROA. The Oct 2026 response on H2 instead describes 1.1%-1.3% or 1.35%, which lowers and makes the outlook less precise without explaining whether the goal period or assumptions changed. CASA Commitment Not Met · 29 October 2026. The May 2026 call explicitly committed to maintaining CASA above 33%. The Oct 2026 call reports a CASA ratio of 31.80%, down from 32.42% in June 2026, but does not reconcile the continued shortfall with the earlier commitment, which is relevant to the bank's funding-cost strategy. Potential ECL Impact Range Widened · 29 October 2026. The May 2026 estimate put the overall ECL impact at approximately 1%-1.5%. The Oct 2026 call added 1.75% as a possible impact, widening the downside estimate without explaining what changed, which is relevant to provisioning and capital assumptions. CASA Ratio Below Prior Commitment · 30 July 2026. In May 2026, management committed to maintaining CASA at 33%-plus. In July 2026, the reported CASA ratio was 32.42%, below that threshold, with no explanation for the shortfall despite CASA being central to the stated funding-cost strategy. Every quote above is taken word for word from the company’s own earnings calls. ## What is Karnataka Bank management's track record? No matched fraud finding or live case of real size against current key management surfaced. The loan-yield statement conflicts with the quarterly comparison in a machine summary; the original same-period wording is not available, so a lie is not proven. The older RBI compliance finding remains a caveat. Sources:

- [bseindia.com](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f0d33ab2-8251-4d3b-beb8-e6b5510d3381.pdf)
- [nsearchives.nseindia.com](https://nsearchives.nseindia.com/corporate/KTKBANK_15072026161547_EDAssumingcharge.pdf)
- [choiceindia.com](https://choiceindia.com/stocks/the-karnataka-bank-ltd-shareholding-pattern)

(Checked 14 October 2026.)

## How much does Karnataka Bank earn on its equity and assets? Karnataka Bank Ltd earned a return on equity of 10% in FY26. Its lowest yearly reading on file was 6% in FY18. On its assets, every ₹100 earned about ₹1.22, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That return is below the level a bank needs to grow its net worth quickly, which helps explain why its multiple is where it is. Why ROE moved: profit grew 12.2% a year over 10 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Karnataka Bank have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Karnataka Bank shareholding pattern? Foreign institutions raised their stake in Karnataka Bank Ltd by 6.0 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 16.3% of the company. Domestic institutions moved −3.4 points over the same period, to 18.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: foreign institutions moved +6.0 points and domestic institutions −3.4 points over 8 quarters. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Karnataka Bank from balance-sheet trouble? For Karnataka Bank Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Karnataka Bank rank in its industry? 62.4 out of 100, rank 5 of 18 in Banks - Private, with 100% of the evidence available. Karnataka Bank Ltd scores 62.4 out of 100 against the 18 companies it is compared with in Banks - Private, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 20.9 + 11.7 + 14 + 15.8 = 62.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Karnataka Bank compared with? Karnataka Bank ranks 5 of 18 Banks - Private companies on the 4-Factor Sector Score, with 62.4 out of 100. 1. [Karur Vysya Bank Ltd](https://www.sectoralpha.in/stocks/karur-vysya-bank-ltd) KARURVYSYA · leader · Most evidence points up · 100% evidence 77.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Income 15.4% · Profit 40.6% · 100% evidence Capital efficiency 23.3/25 · ROA 2% · ROE 19.1% · GNPA 0.7% · 100% evidence Valuation 9.4/20 · P/BV 2.24× · P/BV÷ROE 0.12 · 100% evidence Relative strength 18.0/20 · Lead over its industry 15% · Lead over NIFTY 500 24.7% · 1 year 46.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 23.3 + 9.4 + 18 = 77.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Tamilnad Mercantile Bank Ltd](https://www.sectoralpha.in/stocks/tamilnad-mercantile-bank-ltd) TMB · losing its lead · Most evidence points up · 100% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.9/35 · Income 18.8% · Profit 30% · 100% evidence Capital efficiency 22.7/25 · ROA 2.1% · ROE 14% · GNPA 0.6% · 100% evidence Valuation 12.7/20 · P/BV 1.18× · P/BV÷ROE 0.08 · 100% evidence Relative strength 12.8/20 · Lead over its industry 11.2% · Lead over NIFTY 500 19.7% · 1 year 60.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 25.9 + 22.7 + 12.7 + 12.8 = 74.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [South Indian Bank Ltd](https://www.sectoralpha.in/stocks/south-indian-bank-ltd) SOUTHBANK · breaking out · Most evidence points up · 93% evidence 65.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.0/35 · Income 10.4% · Profit 16.7% · 100% evidence Capital efficiency 13.3/25 · ROA 1.1% · ROE 13.5% · GNPA n/a · 72% evidence Valuation 12.9/20 · P/BV 1.2× · P/BV÷ROE 0.09 · 100% evidence Relative strength 19.8/20 · Lead over its industry 25% · Lead over NIFTY 500 35.6% · 1 year 51.5% · 100% evidence · 10 of 12 weeks ahead Exact sum: 19 + 13.3 + 12.9 + 19.8 = 65 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [City Union Bank Ltd](https://www.sectoralpha.in/stocks/city-union-bank-ltd) CUB · leader · Evidence leans up · 100% evidence 62.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.7/35 · Income 22.6% · Profit 23.3% · 100% evidence Capital efficiency 16.8/25 · ROA 1.4% · ROE 13.2% · GNPA 1.4% · 100% evidence Valuation 11.1/20 · P/BV 1.89× · P/BV÷ROE 0.14 · 100% evidence Relative strength 12.9/20 · Lead over its industry -0.7% · Lead over NIFTY 500 8.2% · 1 year 24.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.7 + 16.8 + 11.1 + 12.9 = 62.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. Karnataka Bank Ltd this page KTKBANK · leader · Evidence leans up · 100% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Income 4.7% · Profit 35.4% · 100% evidence Capital efficiency 11.7/25 · ROA 1.1% · ROE 10.4% · GNPA 2.3% · 100% evidence Valuation 14.0/20 · P/BV 0.81× · P/BV÷ROE 0.08 · 100% evidence Relative strength 15.8/20 · Lead over its industry 14.9% · Lead over NIFTY 500 23.3% · 1 year 67.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 11.7 + 14 + 15.8 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Dhanlaxmi Bank Ltd](https://www.sectoralpha.in/stocks/dhanlaxmi-bank-ltd) DHANBANK · turning · Evidence leans up · 100% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.9/35 · Income 23.1% · Profit 67.9% · 100% evidence Capital efficiency 7.3/25 · ROA 0.5% · ROE 7.2% · GNPA 1.8% · 100% evidence Valuation 7.8/20 · P/BV 0.8× · P/BV÷ROE 0.11 · 100% evidence Relative strength 14.8/20 · Lead over its industry 5.2% · Lead over NIFTY 500 13.8% · 1 year 18.1% · 100% evidence · 3 of 12 weeks ahead Exact sum: 30.9 + 7.3 + 7.8 + 14.8 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [DCB Bank Ltd](https://www.sectoralpha.in/stocks/dcb-bank-ltd) DCBBANK · breaking out · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.5/35 · Income 10.7% · Profit 25.6% · 100% evidence Capital efficiency 11.1/25 · ROA 0.9% · ROE 12% · GNPA 2.3% · 100% evidence Valuation 16.9/20 · P/BV 0.9× · P/BV÷ROE 0.07 · 100% evidence Relative strength 11.0/20 · Lead over its industry -0.9% · Lead over NIFTY 500 7.8% · 1 year 21.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.5 + 11.1 + 16.9 + 11 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [ICICI Bank Ltd](https://www.sectoralpha.in/stocks/icici-bank-ltd) ICICIBANK · turning · Evidence leans up · 79% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Income 7% · Profit 10.3% · 62% evidence Capital efficiency 19.8/25 · ROA 2.1% · ROE 15.9% · GNPA n/a · 68% evidence Valuation 9.2/20 · P/BV 2.59× · P/BV÷ROE 0.16 · 100% evidence Relative strength 13.4/20 · Lead over its industry -0.8% · Lead over NIFTY 500 8.3% · 1 year 3.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 11.2 + 19.8 + 9.2 + 13.4 = 53.6 · What this means: Relative strength against the index is 8.3%, and revenue and profit growth are weak. 9. [IDFC First Bank Ltd](https://www.sectoralpha.in/stocks/idfc-first-bank-ltd) IDFCFIRSTB · quiet · Evidence leans up · 73% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.4/35 · Income 14.6% · Profit 100% · 86% evidence Capital efficiency 9.5/25 · ROA 1.1% · ROE 3.8% · GNPA n/a · 72% evidence Valuation 3.7/20 · P/BV 1.26× · P/BV÷ROE 0.34 · 100% evidence Relative strength 8.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.9% · 1 year -12.1% · 25% evidence · 8 of 12 weeks ahead Exact sum: 30.4 + 9.5 + 3.7 + 8.8 = 52.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Kotak Mahindra Bank Ltd](https://www.sectoralpha.in/stocks/kotak-mahindra-bank-ltd) KOTAKBANK · breaking out · Evidence leans up · 93% evidence 51.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.3/35 · Income 8.4% · Profit 15.6% · 100% evidence Capital efficiency 15.9/25 · ROA 1.9% · ROE 11.4% · GNPA n/a · 72% evidence Valuation 7.3/20 · P/BV 2.36× · P/BV÷ROE 0.21 · 100% evidence Relative strength 17.4/20 · Lead over its industry 9.1% · Lead over NIFTY 500 19.3% · 1 year 9.8% · 100% evidence · 9 of 12 weeks ahead Exact sum: 11.3 + 15.9 + 7.3 + 17.4 = 51.9 · What this means: Relative strength against the index is 19.3%, and revenue and profit growth are weak. 11. [Axis Bank Ltd](https://www.sectoralpha.in/stocks/axis-bank-ltd) AXISBANK · turning · Evidence leans up · 93% evidence 51.5 out of 100 Growth Capital Valuation Relative
12. [Federal Bank Ltd](https://www.sectoralpha.in/stocks/federal-bank-ltd) FEDERALBNK · turning · Evidence leans up · 84% evidence 51.3 out of 100 Growth Capital Valuation Relative
13. [HDFC Bank Ltd](https://www.sectoralpha.in/stocks/hdfc-bank-ltd) HDFCBANK · turning · Evidence leans down · 84% evidence 47.0 out of 100 Growth Capital Valuation Relative
14. [RBL Bank Ltd](https://www.sectoralpha.in/stocks/rbl-bank-ltd) RBLBANK · losing its lead · Evidence leans down · 88% evidence 42.9 out of 100 Growth Capital Valuation Relative
15. [Bandhan Bank Ltd](https://www.sectoralpha.in/stocks/bandhan-bank-ltd) BANDHANBNK · quiet · Evidence leans down · 100% evidence 40.1 out of 100 Growth Capital Valuation Relative
16. [Jammu and Kashmir Bank Ltd](https://www.sectoralpha.in/stocks/jammu-and-kashmir-bank-ltd) J&KBANK · quiet · Evidence leans down · 88% evidence 39.2 out of 100 Growth Capital Valuation Relative
17. [Yes Bank Ltd](https://www.sectoralpha.in/stocks/yes-bank-ltd) YESBANK · quiet · Evidence leans down · 100% evidence 38.5 out of 100 Growth Capital Valuation Relative
18. [IndusInd Bank Ltd](https://www.sectoralpha.in/stocks/indusind-bank-ltd) INDUSINDBK · quiet · Most evidence points down · 89% evidence 28.7 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Banks - Private](https://www.sectoralpha.in/sectors/banks-private), all 18 compared on one page. ## Which companies are close to Karnataka Bank in size? Karnataka Bank is the 16th largest of 18 Banks - Private companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: City Union Bank, South Indian Bank, Jammu and Kashmir Bank and Tamilnad Mercantile Bank. Just below it: DCB Bank and Dhanlaxmi Bank. ### Banks - Private companies close in size

1. [City Union Bank Ltd](https://www.sectoralpha.in/stocks/city-union-bank-ltd) ₹21,223 crore
2. [South Indian Bank Ltd](https://www.sectoralpha.in/stocks/south-indian-bank-ltd) ₹14,536 crore
3. [Jammu and Kashmir Bank Ltd](https://www.sectoralpha.in/stocks/jammu-and-kashmir-bank-ltd) ₹12,905 crore
4. [Tamilnad Mercantile Bank Ltd](https://www.sectoralpha.in/stocks/tamilnad-mercantile-bank-ltd) ₹12,689 crore
5. Karnataka Bank Ltd ₹11,284 crore
6. [DCB Bank Ltd](https://www.sectoralpha.in/stocks/dcb-bank-ltd) ₹6,206 crore
7. [Dhanlaxmi Bank Ltd](https://www.sectoralpha.in/stocks/dhanlaxmi-bank-ltd) ₹1,234 crore

[All 18 Banks - Private companies, largest first](https://www.sectoralpha.in/sectors/banks-private#all-companies)

### Companies close in size in other industries

1. [Metropolis Healthcare Ltd](https://www.sectoralpha.in/stocks/metropolis-healthcare-ltd) ₹11,320 crore · Diagnostics
2. [Bikaji Foods International Ltd](https://www.sectoralpha.in/stocks/bikaji-foods-international-ltd) ₹11,317 crore · FMCG - Snacks
3. Karnataka Bank Ltd ₹11,284 crore
4. [Fujiyama Power Systems Ltd](https://www.sectoralpha.in/stocks/fujiyama-power-systems-ltd) ₹11,223 crore · Electric Equipment - General
5. [Aditya Birla Real Estate Ltd](https://www.sectoralpha.in/stocks/aditya-birla-real-estate-ltd) ₹11,213 crore · Realty - National

## What else do people ask about Karnataka Bank? ### What is Karnataka Bank's share price today? Karnataka Bank Ltd's share price is ₹305.30, +71.3% over the past year. The whole company is worth ₹11,560 Cr on the market. In the last 52 weeks it traded between ₹174 to ₹340; today it is 79% of the way up from the low, 10.7% above its 200-day average (as of 3 November 2026). ### What were Karnataka Bank's latest quarterly results? Karnataka Bank Ltd reported total income of ₹2,504 Cr and net profit of ₹436 Cr for the Sep 2026 quarter. Income rose 14.9% and profit rose 36.7% compared with a year earlier. Earnings per share were ₹11.52. The net margin was 17.4%, 2.8 percentage points higher than a year earlier (as of 3 November 2026). ### What is Karnataka Bank's market cap? Karnataka Bank Ltd's market capitalisation is ₹11,560 Cr at a share price of ₹305.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Karnataka Bank performing? Karnataka Bank Ltd's share price has been rising for 46 weeks. In its latest quarter, income rose 14.9% and profit rose 36.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 17 weeks running (as of 3 November 2026). ### Will Karnataka Bank's share price go up? This page does not forecast Karnataka Bank Ltd's share price. What it shows instead: the share price is ₹305.30, and it has been rising for 46 weeks. Its P/BV of 0.8× is higher than 86% of its own last 11 years (as of 3 November 2026). ### Where is Karnataka Bank in its business cycle? Karnataka Bank Ltd's FY26 net margin was 14.7%, against a 13-year range of 6.0% to 16.3%: the middle of its own range, neither a peak nor a low. The latest quarter was 17.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Karnataka Bank story? The main question: the share price moved +71.3% in a year while yearly earnings per share moved +2.9%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Karnataka Bank a stock worth studying right now? What the numbers show: Karnataka Bank Ltd's share price has risen faster than its earnings: +71.3% in a year, against +2.9% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Karnataka Bank share price forecast for 2026? What management itself guided: Advances growth 15-20% and liabilities growth 10-15% with overall business around 15% in FY27. The changes showing up in Karnataka Bank's own numbers are costs spread over more sales and fewer bad loans. It is too early to say whether they last. What would change the story: A renewed rise in net non-performing loans alongside falling net interest margin would show that collections and funding repricing are no longer sustaining the recovery. ### Where does this page get Karnataka Bank's management information? From Karnataka Bank's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Multibagger study list: https://www.sectoralpha.in/multibagger-stocks-india
- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Bank stocks: https://www.sectoralpha.in/sectors/bank-stocks-india

This is research, not advice. We’re not SEBI-registered.