Karnataka Bank

Karnataka Bank

Comprehensive banking solutions for personal, NRI, business, and agricultural needs with a focus on trust and expertise. Learn more

Launch date
Employees
Market cap
€1.0b
Enterprise valuation
€1.0b (Public information from Sep 2024)
Mangaluru Karnataka (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
INR2021202220232024202520262027
Revenues35.8b34.5b41.8b46.2b50.6b58.2b65.0b
% growth5 %(4 %)21 %11 %10 %15 %12 %
Profit4.8b5.1b11.8b13.1b13.0b14.3b18.2b
% profit margin13 %15 %28 %28 %26 %24 %28 %
EV / revenue0.5x0.5x1.0x1.8x1.7x1.5x1.3x
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DateInvestorsAmountRound
N/A

N/A

IPO
*

INR8.0b

Post IPO Equity
Total Funding-

Recent News about Karnataka Bank

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Karnataka Bank Limited is a leading 'A' Class Scheduled Commercial Bank in India, established in 1924 in Mangaluru, Karnataka. The bank offers a wide range of banking services including personal banking, NRI banking, business banking, and agricultural banking. It serves a diverse clientele ranging from individual customers to businesses and farmers. Operating primarily in the Indian market, Karnataka Bank leverages its extensive network of branches and digital platforms to provide reliable and efficient banking services. The bank's business model focuses on generating revenue through interest on loans, fees for services, and investment income. Karnataka Bank is recognized for its commitment to safety, security, and customer satisfaction, having received multiple awards for its achievements in these areas. The bank continues to expand its customer base by offering tailored financial products and services, and by maintaining a strong emphasis on trust and expertise.

Keywords: personal banking, NRI banking, business banking, agricultural banking, digital banking, loans, interest income, customer satisfaction, safety, security.