India's Karnataka Bank rises after strong quarterly profit

Karnataka Bank

20/05/2026 07:19

** Shares of India's Karnataka Bank KBNK.NS up as much as 4.76% to 259.55 rupees

** Co posted a net profit of 4.08 billion rupees($42.14 million)in Q4, up ~62% Y/Y

** ICICI Direct Research says KBNK's strong Q4 was driven by improved core operating performance, margin expansion and lower operating expenses

** Brokerage highlights healthy loan and deposit growth, improved asset quality and a stronger low-cost deposit mix

** Trading vols of 6.24 million shares, more than 2 times the 30-day average of about 3 million shares

** YTD stock up ~21%

($1 = 96.8200 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

((Devika.MadhusudhananNair@thomsonreuters.com;))