Karnataka Bank shares rallied 59.4 per cent in the last six months against 1.26 per cent drop in the BSE Bankex during the same period. In the last one month though, the scrip is down 2 per cent.
The net interest income, however, improved by 2.45% to Rs 822.41 crore from Rs 802.73 crore in the same quarter last year. The bank s asset quality showed marginal decline this quarter as gross non-performing assets (NPAs) rose to 3.47 per cent of gross advances.
Karnataka Bank: ICICIdirect said the cost of funds may increase in the near term but the focus on liabilities accretion, improvement in CD ratio and shift from low yield business is expected to offset pressure
Karnataka Bank share price: Domestic brokerage Axis Securities has given a 'Buy' call on the counter with a target price of Rs 250 over a period of 12 to 18 months. "The management is centralizing processes to build capacities on the operational and technological side as well as to deploy sales teams outside the branches," it stated.
Karnataka Bank Share Price: Find the latest news on Karnataka Bank Stock Price. Get all the information on Karnataka Bank with historic price charts for NSE / BSE. Experts & Broker view also get the Karnataka Bank Ltd. buy/sell tips detailed news, announcements, Forecasts, Analysts, Valuation, Earning forecasts, Estimates, Recommendations, Analysts Ratings, financial report, company information, annual report, balance sheet, profit & loss account, results and more.