KTKBANK

** Shares of Karnataka Bank KBNK.NS fall as much as 2.9% to 169 rupees, lowest since June 30, 2023

** Stock closed 1.4% lower on Monday

** The private lender said on Monday it identified deficiencies in its reconciliation process for cross-border UPI transactions

** Adds, co could incur an estimated loss of about 185.7 million rupees ($2.14 million) from the reconciliation process

** The lender has flagged the matter to the Reserve Bank of India

** Stock eyes fourth straight day of fall; down over 11% so far this month

($1 = 86.9650 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Jan 31 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• KARNATAKA BANK LTD - Q3 NIM AT 3.02%

Source text: ID:nBSE8kWtPX

Further company coverage: KBNK.NS

(([email protected];))

Oct 23 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• KARNATAKA BANK Q2 NET PROFIT 3.36 BILLION RUPEES

• KARNATAKA BANK Q2 GROSS NPA 3.21%

• KARNATAKA BANK Q2 INTEREST EARNED 22.34 BILLION RUPEES

• KARNATAKA BANK Q2 NET NPA 1.46%

• KARNATAKA BANK Q2 PROVISIONS AND CONTINGENCIES 313.3 MILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: KBNK.NS

(([email protected];))

** Shares of oldest U.S. bank BNY BK.N up 1.9% at $72.55 in early trading

** Deutsche Bank upgrades BK to "buy" from "hold"; raises PT to $80 from $66, a 11.4% upside to stock's last close

** Brokerage says containing expense growth to low single-digit combined with healthy capital return should enable BK to post double digit EPS growth through 2026

** Adds that this would make BK an outlier within the trust bank peer group

** Stock should command a better valuation as BK has achieved four straight years of double digit EPS growth - Deutsche Bank

** Twelve of 18 brokerages rate the stock "buy" or higher and six "hold"; their median PT is $73 - LSEG data

** As of last close, BK shares up 38% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

(([email protected];))

July 26 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• PARTNERS WITH ICICI LOMBARD GENERAL INSURANCE CO.

Source text for Eikon: ID:nBSEztCJ6

Further company coverage: KBNK.NS

(([email protected];;))

** Shares of Karnataka Bank KBNK.NS gain ~2% at 232.51 rupees

** Lender's Q1 net profit climbs 8% Y/Y; 16% Y/Y interest income growth

** Gross non performing assets as a percentage to total loans improved to 3.54% from 3.53% previous qtr

** Stock, however, down 0.5% YTD after three straight annual gains

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

May 17 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• KARNATAKA BANK LTD - BANK HAS INITIATED CORRECTIVE MEASURES AS NECESSARY IN LINE WITH STIPULATIONS OF RBI

• KARNATAKA BANK LTD - THERE IS NO IMPACT ON FINANCIAL, OPERATION OF BANK AFTER RBI PENALTY

Source text for Eikon: ID:nBSE6jx0SW

Further company coverage: KBNK.NS

(([email protected];))

April 10 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• KARNATAKA BANK PARTNERS WITH FISDOM

• PARTNERS WITH FISDOM TO OFFER STOCK BROKING SERVICES AND 3-IN-1 ACCOUNTS

Source text for Eikon: ID:nBSE48RPp9

Further company coverage: KBNK.NS

(([email protected];))

March 28 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• KARNATAKA BANK LTD - APPROVED ISSUE OF 26.4 MILLION EQUITY SHARES TO 25 ELIGIBLE QUALIFIED INSTITUTIONAL BUYERS

• KARNATAKA BANK LTD - APPROVED ISSUE OF SHARES AT ISSUE PRICE OF 227 RUPEES PER SHARE

• KARNATAKA BANK LTD - ISSUE OF SHARES WORTH 6 BILLION RUPEES

Source text for Eikon: ID:nNSE1Nnk6w

Further company coverage: KBNK.NS

(([email protected];))

SYDNEY, Feb 20 (Reuters) - Australia's Competition Tribunal approved ANZ Group's ANZ.AX A$4.9 billion ($3.2 billion) buyout of Suncorp's SUN.AX banking business on Tuesday, allowing the bank to press ahead the acquisition.

The takeover still requires approval by Australian Treasurer Jim Chalmers and a sign-off from the government of Queensland, where Suncorp is based.

Here is some reaction from financial markets:

AZIB KHAN, BANKING ANALYST AT E&P FINANCIAL:

"We expect completion of the acquisition to weigh on ANZ’s relative share price performance as it reduces the magnitude of potential capital return, and will see ANZ dealing with the integration over the next 3 years for potentially very modest EPS accretion. We also believe the acquisition will add to ANZ’s cost challenges and that the acquisition will not significantly shift the dial in terms of ANZ’s capital allocation which sees the greatest percentage of capital being allocated to its lowest ROE division (being Institutional)."

MORNINGSTAR ANALYST NATHAN ZAIA:

"The acquisition adds scale to areas where ANZ Bank trails major bank peers, with home loans balances to increase by 18%, customer deposits by 14%, and business lending by 9% (but likely closer to 20% in SME lending). Consolidating systems and processes should help lower the cost base, and we see potential for some funding cost savings over time given ANZ's better credit rating. The integration risks are worth taking in our view."

CLAYTON UTZ PARTNER KIRSTEN WEBB:

"The decision shows the important role of merits review by the Australian Competition Tribunal, as a specialist body bringing together law, economics and industry expertise, in deciding whether mergers should proceed especially where public benefits are involved. The ACCC is an experienced regulator, but in the small number of contentious mergers, reasonable minds can differ and the ACCC, which often heavily focuses on theoretical concerns, might not always get it right."

HAYDN FLACK, A PARTNER AT LAW FIRM MINTER ELLISON:

"Policy makers will be assessing what the decision means in the context of the merger reform debate and the ongoing review by Treasury's Competition Taskforce. Everyone will be watching for how this result, and the Tribunal's full reasons when they are finally made public, impact the debate over merger reform."

(Writing by Praveen Menon; Editing by Neil Fullick and Stephen Coates)

(([email protected]; Reuters Messaging: [email protected]; Twitter: @Journopraveen))

Jan 29 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• PARTNERS WITH NORTHERN ARC CAPITAL LIMITED NPOS PLATFORM FOR CO-LENDING AND POOL BUYOUT

Source text for Eikon: ID:nBSE6wJ6X7

Further company coverage: KBNK.NS

(([email protected];))

Jan 23 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• Q3 NIM AT 3.46%

Source text for Eikon: ID:nBSE1FMWzV

Further company coverage: KBNK.NS

(([email protected];))

Jan 16 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• KARNATAKA BANK AND CLIX CAPITAL ENTER INTO CO-LENDING PARTNERSHIP THROUGH YUBI PLATFORM

Source text for Eikon: ID:nBSEGjRwz

Further company coverage: KBNK.NS

(([email protected];))

** Shares of Karnataka Bank KBNK.NS up 8.4% to 274.80 rupees, hitting a record high

** Ambit Capital initiates coverage with a 'buy' rating and target price of 340 rupees, ~24% higher than current price

** Initiatives on loan sourcing and collections, and secured loan book to drive credit-cost decline - brokerage

** Adds improvement in tech, new channels and products like co-lending to better competitive position, drive 18% compound annual growth rate of loans over FY23-26E

** Net interest margin to settle 70 bps higher than pre-COVID levels due to better credit-deposit ratio - Ambit

** KBNK on track for best day since late June 2023

** Busiest session since late September; more than 10.5 mln shares change hands, over 5 times the 30-day avg

** Stock rose 54% in 2023, third straight year of gains

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Jan 5 (Reuters) - Satin Creditcare Network Ltd SATR.NS:

• KARNATAKA BANK AND CO ENTER INTO CO-LENDING AGREEMENT

Source text for Eikon: [ID:]

Further company coverage: SATR.NS

(([email protected];))

Dec 28 (Reuters) - Satin Creditcare Network Ltd SATR.NS:

• ENTERED INTO MASTER AGREEMENT FOR CO-LENDING LOANS TO MICRO-FINANCE BORROWERS WITH KARNATAKA BANK

• RATIO OF 80:20 WILL BE FUNDED BY BANK AND COMPANY RESPECTIVELY

Further company coverage: SATR.NS

(([email protected];))

Nov 23 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• TIES UP WITH BAJAJ ALLIANZ LIFE INSURANCE CO TO DISTRIBUTE LIFE INSURANCE PRODUCTS

Source text for Eikon: ID:nBSE9g5W20

Further company coverage: KBNK.NS

(([email protected];))

** Shares of HDFC Life Insurance Co HDFL.NS rise 2.62% to 669.50 rupees, highest since Sept. 12, 2023

** HDFL among top gainers in financial services .NIFTYFIN and the benchmark Nifty 50 index .NSEI, both up about 0.6%

** Financials fell lost 1.08% over the last two sessions after India's central bank tightened norms for consumer credit

** HDFL, however, is on a three-day winning streak, adding about 5.3%

** Karnataka Bank signed pact with HDFL to distribute life insurance products, HDFL said post market hours on Monday

** However, Reuters could not determine a reason for the move in the stock

** 25 analysts rate stock "buy" or higher, and five "hold"; median PT is 740 rupees - LSEG data

** HDFL up 18.2% in 2023 so far, compared to 3.4% rise in financial services index

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Nov 20 (Reuters) - HDFC Life Insurance Company Ltd HDFL.NS:

• INKS PACT WITH HDFC LIFE INSURANCE CO TO DISTRIBUTE LIFE INSURANCE PRODUCTS

Source text for Eikon: [ID:]

Further company coverage: HDFL.NS

(([email protected];))

Nov 9 (Reuters) - Indsil Hydro Power and Manganese Ltd INSL.BO:

• KARNATAKA BANK APPROVED RESTRUCTURING OF LOAN FACILITIES GRANTED TO CO

Source text for Eikon: ID:nBSEb8WBgK

Further company coverage: INSL.BO

(([email protected];))

Karnataka Bank Ltd KBNK.NS:

• KARNATAKA BANK LTD- APPROVES ALLOTMENT OF EQUITY SHARE CAPITAL OF 8 BILLION RUPEES ON PREFERENTIAL BASIS

• KARNATAKA BANK LTD- PREFERENTIAL ALLOTMENT AT 239.52 RUPEES PER SHARE

Source text for Eikon: ID:nBSE8TJtGn

Further company coverage: KBNK.NS

Sept 22 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• TO RAISE EQUITY CAPITAL FOR UP TO AN AMOUNT OF 15 BILLION RUPEES

• TO ISSUE SHARES WORTH UP TO 8 BILLION RUPEES VIA PREFERENTIAL ALLOTMENT

Source text for Eikon: ID:nBSE43XXpq

Further company coverage: KBNK.NS

(([email protected];))

Sept 19 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• TO CONSIDER FUND RAISE

Further company coverage: KBNK.NS

(([email protected];))

Aug 3 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• INDIA'S KARNATAKA BANK JUNE-QUARTER NET PROFIT 3.71 BILLION RUPEES VERSUS PROFIT 1.14 BILLION RUPEES

• KARNATAKA BANK JUNE-QUARTER INTEREST EARNED 19.59 BILLION RUPEES VERSUS 16.29 BILLION RUPEES

• KARNATAKA BANK JUNE-QUARTER PROVISIONS AND CONTINGENCIES 1.52 BILLION RUPEES VERSUS 3.63 BILLION RUPEES

• KARNATAKA BANK JUNE-QUARTER GROSS NPA 3.68% VERSUS 3.74% PREV QUARTER

• KARNATAKA BANK JUNE-QUARTER NET NPA 1.43% VERSUS 1.70% PREV QUARTER

Source text for Eikon: ID:nBSE9SWMrT

Further company coverage: KBNK.NS

(([email protected];))

July 31 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• KARNATAKA BANK LTD - TO CONSIDER CAPITAL AUGMENTATION BY WAY OF BASEL III COMPLIANT DEBT INSTRUMENTS

Source text for Eikon: [ID:]

Further company coverage: KBNK.NS

(([email protected];))

** Shares of Karnataka Bank Ltd KBNK.NS rise as much as 6.78% to 153.50 rupees, highest since March 10

** Lender reports fourth-quarter net profit that nearly tripled Y/Y to 3.54 bln rupees

** Net interest income up 31% to 8.60 bln rupees from 6.57 bln rupees a year earlier

** Stock most active in over a week, with trading volume at 5.14 mln shares as of 10:42 a.m. IST, 3.4x the 30-day avg - Refinitiv data

** Relative strength index is 75, suggesting the stock may be overbought

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

May 26 (Reuters) - Karnataka Bank Ltd KBNK.NS:

• APPOINTMENT OF MR. SRIKRISHNAN HARI HARA SARMA, AS MANAGING DIRECTOR & CEO.

Source text for Eikon: ID:nBSE8psqs6

Further company coverage: KBNK.NS

(([email protected];))