Karnataka Bank Ltd. share price target

Karnataka Bank (KBL) reported PAT of Rs 134 cr ( up 10% y-o-y) in Q1FY18 , led by improvement in NII ( up 16% y-o-y) and other income ( up 25%y-o-y). The increase in other income was attributed by treasury income (up 78% y-o-y) and Fee Income (up 8% y-o-y). This quarter witnessed improvement in NIMs..

NII grew to Rs. 424.42 Cr in Q1FY18 compared to Rs. 352.17 Cr in Q4FY17. NII grew to Rs. 424.42 Cr in Q1FY18 compared to Rs. 352.17 Cr in Q4FY17.

The Karnataka Bank Ltd for the quarter ended Q4 FY 17 reported rise in its net profit by 30% YoY to Rs 138 crs. Sequentially the profit rose by 102%. This was majorly due to higher other income which amplified by 83.3% YoY and lower...

3rd 2016, wherein we had recommended a BUY at the then price of Rs. 95/- cum-dividend (dividend declared for the year ended March 2016 50%), the share price had spurted to Rs. 162 pre rights issue. There after the share price has stabilized at the current levels of Rs. 140 (ex-rights), notwithstanding the volatile stock market, Brexit, demonetization etc. The...

Incorporated in 1924, Karnataka Bank (KTK) is one of the oldest private sector banks with around 8 million customers. The bank's strong regional presence, conscious decision to cut back on corporate credit, increased focus on retail loans and stable margins augur well for its earnings outlook going forward.

BUY Karnataka Ltd at CMP Rs. 136 and add on dips to Rs. 124 - 128 for the sequential Targets Rs. 154 & Rs. 168

Incorporated in 1924, Karnataka Bank (KTK) is one of the oldest private sector banks. It offers wide variety of corporate and retail banking products and services to around 8 million customers. It forayed into General Insurance business as a JV partner in Universal Sompo General Insurance. KTK has a business turnover of Rs 93,222cr from 2,075 service outlets with 738 branches, 3 Extension Counters and 1,334 ATMs in 486 centres across India as on Dec 31, 2016.

Karnataka Bank (KBL) reported subdued earnings at Rs 69 cr which was down by 29% YoY (down 45% QoQ). The earnings were impacted mainly on account of demonetization which resulted in higher operating expenses as well as lower recoveries and upgradations. However, bank reported loan growth at 9% YoY m..

NII decreased to Rs. 376.51 Cr in Q3FY17 compared to Rs. 397.25 Cr in Q2FY17. NII grew by 23.47% ( Rs. 71.58 Cr ) when compared with the same period last year