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Karnataka Bank shares: Karnataka Bank allots shares worth Rs 800 crore to 5 investors

Karnataka Bank MD & CEO Srikrishnan H said in a statement: "We are happy to have completed a successful Capital raise through Pref Allotment of Rs. 800 crore to 5 Marquee Institutional Investors. This is a major step in our transformation journey providing us the growth capital that will facilitate all our developmental activities.” ....

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Karnataka bank news: Karnataka Bank to raise Rs 1,500 cr in equity to fund growth

Karnataka Bank has announced plans to raise approximately Rs 1,500 crore in fresh capital through a preferential issue, rights issue, QIP, or other permissible modes. The bank s board has approved the issuance of equity shares to several companies. The funds raised will be used to strengthen the bank s financial foundation for future growth and meet the needs of its growing business. ....

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Karnataka Bank shares climb 13% in 2 days. Here's why

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

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Karnataka Bank shares slip after hitting 52-week high; Axis Securities sees stock at Rs 250. Details here

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.
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Karnataka Bank Q1 Results: Net profit grows 224% to Rs 371 cr, asset quality improves

The gross non-performing assets of the Mangalore-based bank declined to 3.68 percent as compared with 4.03 percent last year. ....

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