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Karnataka Bank Director Dr. D.S. Ravindran Resigns After Shareholder Rejection
Dr. D.S. Ravindran has resigned as a Non-Executive Independent Director of Karnataka Bank effective March 6, 2026. The resignation follows the rejection of his renomination for a second term by the bank's shareholders. Dr. Ravindran held significant roles, including Chairman of the IT Strategy Committee and member of the Audit Committee. He confirmed there are no other material reasons for his departure beyond the shareholder vote.
Key Highlights
Resignation of Dr. D.S. Ravindran effective from 09:00 PM on March 06, 2026.
Resignation was triggered by shareholders rejecting the resolution for his second-term renomination.
Vacated the chairmanship of the IT Strategy Committee and membership in the Audit Committee.
The director confirmed no other material reasons for resignation other than the shareholder vote outcome.
💼 Action for Investors
Investors should monitor the bank's upcoming appointments to fill the critical vacancies in the IT Strategy and Audit Committees. The shareholder dissent indicates active institutional oversight and scrutiny of board composition.
Karnataka Bank Q3 FY26: PAT at ₹290.79 Cr; NIM Recovers to 2.92% Amid RAM Segment Growth
Karnataka Bank reported a standalone PAT of ₹290.79 crore for Q3 FY26, representing a 9% sequential decline but a year-on-year increase from ₹283.60 crore. Net Interest Income (NII) grew 8.8% QoQ to ₹792.06 crore, with Net Interest Margin (NIM) improving to 2.92% from 2.72% in the previous quarter. The bank successfully grew its advances by 5% QoQ to ₹77,283.85 crore, driven by a strategic focus on Retail, Agri, and MSME (RAM) segments. Asset quality remained stable with a marginal improvement in Gross NPA to 3.32% and Net NPA to 1.31%.
Key Highlights
Net Interest Margin (NIM) improved to 2.92% from 2.72% QoQ, despite industry-wide pressure from repo rate cuts.
Gross Advances increased 5% QoQ to ₹77,283.85 crore, with RAM segments serving as the primary growth engine.
CASA ratio improved to 31.53% while high-cost bulk deposits were reduced to 4.8% of total deposits.
Provision Coverage Ratio (PCR) excluding technical write-offs increased to 61.23% from 60.22% in the previous quarter.
Cost of deposits declined to 5.43% from 5.5% QoQ, reflecting better liability management and granular deposit growth.
💼 Action for Investors
Investors should take note of the bank's successful margin recovery and its disciplined shift toward higher-yielding retail and MSME assets. The steady improvement in CASA and asset quality metrics suggests a strengthening fundamental profile for long-term growth.
Karnataka Bank Q3 FY26: PAT at ₹291 Cr, NIM Expands to 2.92% Amid Higher Provisions
Karnataka Bank reported a mixed performance for Q3 FY26, with Profit After Tax (PAT) declining 8.9% QoQ to ₹290.79 crore, largely due to a significant spike in provisions to ₹94.86 crore. On the operational front, Net Interest Income (NII) grew 8.78% QoQ to ₹792 crore, helping the Net Interest Margin (NIM) improve by 20 bps to 2.92%. Asset quality remained stable with GNPA at 3.32% and NNPA at 1.31%, while gross advances saw a healthy 5% QoQ growth to ₹77,283 crore.
Key Highlights
Net Interest Margin (NIM) improved significantly to 2.92% from 2.72% in the previous quarter.
Gross Advances grew 5% QoQ to ₹77,283 crore, driven by a 3% growth in the retail segment.
Provisions increased sharply to ₹94.86 crore compared to ₹20.07 crore in Q2 FY26.
CASA deposits grew 3% QoQ to ₹32,829 crore, improving the CASA ratio to 31.53%.
Asset quality showed marginal improvement with NNPA declining 4 bps QoQ to 1.31%.
💼 Action for Investors
Investors should watch for the sustainability of NIM improvements and the reasons behind the sudden jump in credit costs/provisions. The bank's focus on retail growth and improving CASA is positive, but the decline in ROE to 9.06% warrants caution.
Karnataka Bank Q3 FY26 Net Profit Up 2.5% YoY to ₹291 Cr; Advances Grow 4.9% QoQ
Karnataka Bank reported a steady Q3 FY26 with a net profit of ₹290.79 crore, up 2.54% YoY, though it saw a sequential dip from ₹319.12 crore in Q2. The bank's aggregate business reached ₹1,81,394 crore, supported by a healthy 4.9% QoQ growth in gross advances. Asset quality improved marginally on a sequential basis, with NNPA at 1.31% compared to 1.35% in the previous quarter. However, Net Interest Margins (NIM) faced pressure, declining to 2.92% from 3.02% YoY.
Key Highlights
Net Profit for Q3 FY26 stood at ₹290.79 crore, a 2.54% increase over the same period last year.
Gross Advances grew 4.9% QoQ to ₹77,282.85 crore, despite a slight 0.74% YoY decline.
Asset quality improved sequentially with GNPA at 3.32% and NNPA at 1.31%.
CASA ratio improved by 124 bps YoY to 31.53%, reflecting a better low-cost deposit mix.
Capital Adequacy Ratio remains strong at 19.94%, providing a solid buffer for future growth.
💼 Action for Investors
The bank shows stability in asset quality and sequential business growth, but margin compression remains a concern. Investors should monitor the bank's ability to sustain NIMs and the impact of its digital transformation on operational efficiency.
Karnataka Bank Q3 FY26 Standalone Net Profit Rises 2.5% YoY to ₹290.79 Crore
Karnataka Bank reported a standalone net profit of ₹290.79 crore for the quarter ended December 31, 2025, a modest 2.5% increase from ₹283.60 crore in the same quarter last year. However, on a sequential basis, net profit declined by 8.9% from ₹319.12 crore in Q2 FY26, primarily due to a sharp rise in provisions which jumped to ₹94.86 crore from ₹20.07 crore. Total income remained relatively flat at ₹2,522.35 crore compared to ₹2,535.38 crore in the year-ago period. Operating profit showed resilience, growing to ₹451.80 crore from ₹433.07 crore YoY.
Key Highlights
Standalone Net Profit for Q3 FY26 stood at ₹290.79 crore, up 2.5% YoY but down 8.9% QoQ.
Provisions (other than tax) surged to ₹94.86 crore in Q3 FY26 compared to ₹20.07 crore in the previous quarter.
Interest earned decreased slightly to ₹2,220.05 crore from ₹2,243.02 crore in the corresponding quarter of the previous year.
Operating profit before provisions and contingencies improved to ₹451.80 crore from ₹433.07 crore YoY.
Nine-month (9M FY26) net profit stood at ₹902.31 crore, a decline compared to ₹1,020.00 crore in 9M FY25.
💼 Action for Investors
Investors should monitor the bank's asset quality closely given the sharp sequential spike in provisions. The stagnant top-line growth and year-to-date profit decline suggest a cautious approach until credit growth accelerates.
Karnataka Bank Q3 FY26 Results: Net Profit Rises 2.5% YoY to ₹290.79 Crore
Karnataka Bank reported a modest standalone net profit growth of 2.5% year-on-year, reaching ₹290.79 crore for the quarter ended December 31, 2025. On a sequential basis, net profit declined by 8.9% from ₹319.12 crore in Q2, largely due to a significant increase in provisions which rose to ₹94.86 crore. Total income remained nearly flat at ₹2,522.35 crore compared to ₹2,535.38 crore in the year-ago period. Operating profit showed resilience, growing 4.3% YoY to ₹451.80 crore.
Key Highlights
Standalone Net Profit for Q3 FY26 stood at ₹290.79 crore, up from ₹283.60 crore YoY.
Operating Profit before provisions increased to ₹451.80 crore, a 4.3% growth over ₹433.07 crore YoY.
Provisions (other than tax) surged to ₹94.86 crore from ₹20.07 crore in the preceding quarter.
Interest earned on advances and bills saw a decline to ₹1,620.71 crore from ₹1,759.33 crore YoY.
Nine-month net profit for the period ended December 2025 reached ₹902.31 crore.
💼 Action for Investors
Investors should maintain a neutral stance as the bank shows stable year-on-year growth but faces sequential pressure from higher provisioning. Monitor the upcoming detailed asset quality disclosures to understand the spike in provisions.
Karnataka Bank CIO & CTO Venkat Krishnan Resigns; Raghuram H. S. Given Additional Charge
The Karnataka Bank Limited has announced the resignation of Mr. Venkat Krishnan Veeramoni from the positions of Chief Information Officer and Chief Technology Officer, effective February 6, 2026. The resignation was cited for personal family reasons related to relocation. To ensure continuity, the bank has assigned the additional charge of the IT & MIS Department to Mr. Raghuram H. S., a General Manager who has been with the bank since 1994. Mr. Raghuram brings extensive experience, having previously served as the Chief Risk Officer.
Key Highlights
Mr. Venkat Krishnan Veeramoni resigned as CIO & CTO effective close of business on February 6, 2026.
Mr. Raghuram H. S., a veteran employee since April 29, 1994, takes additional charge of the IT & MIS Department.
The outgoing CIO cited an inability to travel to Mangalore for family reasons as the cause for his resignation.
Interim lead Mr. Raghuram H. S. currently manages Branch Banking, Products, and Business Solutions Group departments.
💼 Action for Investors
Investors should monitor if the bank appoints a dedicated permanent CTO soon to maintain its digital transformation momentum. No immediate negative impact is expected given the internal veteran taking temporary charge.
Karnataka Bank Shareholders Approve Raghavendra Srinivas Bhat as MD & CEO
Shareholders of Karnataka Bank have approved the appointment of Mr. Raghavendra Srinivas Bhat as the Managing Director and CEO through a postal ballot. The ordinary resolution was passed with a significant majority, securing 139,585,910 votes in favor. The voting process, which concluded on January 22, 2026, saw approximately 90.32% of valid votes supporting the leadership change. This appointment provides clarity on the bank's top leadership and strategic direction for the coming years.
Key Highlights
Mr. Raghavendra Srinivas Bhat (DIN: 11165725) officially appointed as Managing Director & CEO.
A total of 139,585,910 votes were cast in favor of the appointment resolution.
Opposition to the resolution was limited to 14,963,972 votes (approximately 9.68% of total valid votes).
The e-voting process was conducted over a 30-day period from December 24, 2025, to January 22, 2026.
The resolution was passed as an Ordinary Resolution with the requisite majority as per the Scrutinizer's Report.
💼 Action for Investors
Investors should monitor the new CEO's initial strategic communications regarding the bank's growth targets and asset quality management. The successful appointment resolves leadership uncertainty, which is typically a positive signal for mid-sized private banks.
Karnataka Bank to Appoint Raghavendra Bhat as MD & CEO with ₹2.25 Crore Annual Fixed Pay
Karnataka Bank is seeking shareholder approval via postal ballot for the appointment of Mr. Raghavendra Srinivas Bhat as Managing Director & CEO. The appointment is for a one-year term effective from November 16, 2025, following prior approval from the RBI. The proposed annual fixed remuneration is ₹2.25 crore, which includes a basic salary of ₹1.45 crore plus allowances and perquisites. Shareholders are invited to vote on this ordinary resolution through an e-voting process ending January 22, 2026.
Key Highlights
Mr. Raghavendra Srinivas Bhat appointed as MD & CEO for a one-year term starting Nov 16, 2025
Total fixed annual remuneration set at ₹2,25,00,720 (₹2.25 crore)
Basic salary component is ₹1,44,96,000 per annum (₹12.08 lakh per month)
RBI approval for the appointment was received on November 14, 2025
Remote e-voting period for shareholders is from Dec 24, 2025, to Jan 22, 2026
💼 Action for Investors
Investors should monitor the bank's strategic direction under the new leadership, especially given the relatively short one-year initial term. Leadership continuity is crucial for the bank's ongoing digital transformation and credit growth targets.