Karnataka Bank, Satin Creditcare Join Hands for Rural Women Empowerment Goodreturns
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Category: Karnataka Bank
Karnataka Bank announces net profit of Rs 370.70 crore for June quarter – Business Standard
Karnataka Bank announces net profit of Rs 370.70 crore for June quarter Business Standard
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Karnataka Bank joins hands with FISDOM to offer stock broking services | Capital Market News
The private lender on Wednesday announced that it has expanded its collaboration with FISDOM to offer 3-in-1 (savings, demat and trading accounts) through the bank’s mobile banking app, KBL Mobile Plus.
The bank said that this strategic association is all set to enhance the current value proposition of enabling customers to invest in stocks and mutual funds. Click here to follow our WhatsApp channel
This offering will empower its customers with seamless access to both investment opportunities and trading functionalities, all within a single, user-friendly interface, it added.
The 3-in-1 facility enables customers to streamline their investment journey by consolidating their demat and…
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RBI permits Karnataka Bank to collect direct, indirect taxes
The Reserve Bank of India (RBI) has authorised private sector lender Karnataka Bank to collect direct and indirect taxes on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).The authorisation has been given on the recommendation from the Controller General of Accounts (CGA), Ministry of Finance, Mangaluru-headquartered Karnataka Bank said in a regulatory filing. “Karnataka Bank is one among the few Banks in the country to get final approval from Principal Chief Controller of Accounts, CBIC, New Delhi for collection of customs duty payment under the new regime,” said Mahabaleshwara MS, Managing Director & CEO, Karnataka…
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Karnataka Bank raises Rs 600 cr through qualified institutional placement | Company News
The institutions which bought shares in QIP include HSBC Mutual Fund, Morgan Stanley Asia Singapore PTE, HSBC Global Investment Funds, SBI Life Insurance Company, Franklin India Smaller Companies FundShares of Karnataka Bank settled at Rs 225.10 apiece, down 1.53 per cent over the previous close on the BSE.Press Trust of India New Delhi Karnataka Bank on Thursday said it has raised around Rs 600 crore through qualified institutional placement by issuing shares to institutional investors. The qualified institutional placement (QIP) opened on March 21 and closed on March 27. Click here to follow our WhatsApp channel “…The Committee of Directors at its meeting held today, approved the…
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Karnataka Bank announces Q1 net profit of Rs 370.70 crore – Udayavani English
Karnataka Bank announces Q1 net profit of Rs 370.70 crore Udayavani English
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Source: https://www.udayavani.com/english-news/karnataka-bank-announces-q1-net-profit-of-rs-370-70-crore
Karnataka Bank gains on completing Rs 600-cr QIP issue
Karnataka Bank advanced 2.82% to Rs 231.45 after the approved the allotment of a QIP issue of Rs 600 crore.
The qualified institutional placement (QIP), which commenced on 21 March 2024, concluded on 27 March 2024, with a total of 2,64,31,718 equity shares being allotted. The shares were priced at Rs 227 per share, resulting in an issue size of approximately Rs 599.99 crore.
The issue price of Rs 227 is at a discount of 1.91%, to the floor price of Rs 231.43 per equity share set for the QIP issue.
The bank said this capital raise comprising the QIP of Rs 600 crore, along with the preferential issues of Rs 800 crore in October 2023…
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Karnataka Bank approves issue of 2.64 crore equity shares to eligible qualified institutional buyers
Karnataka Bank Ltd has approved the issue and allotment of 2,64,31,718 equity shares to 25 eligible qualified institutional buyers.Also read: Karnataka Bank opens 15 new branches, revamps websiteThe bank informed the stock exchanges on Thursday that the meeting of the committee of directors of the bank approved the issue of shares at issue price of ₹227 per equity share, that is at a premium of ₹217 per equity share. This includes a discount of ₹4.43 per equity share (1.91 per cent of the floor price) to the floor price, aggregating to ₹599,99,99,986, pursuant to the issue.
The issue, which opened on March 21, closed on March 27.
Pursuant to the allotment of equity shares in…
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Karnataka Bank approves allotment of equity share capital of ₹600 crore under QIP
The Committee of Directors of Karnataka Bank, in its meeting held on March 28, approved the allotment of shares pursuant to the Qualified Institutional Placement (QIP), at a price of ₹227.00 per equity share (including premium of ₹217.00 per share), amounting to an aggregate of up to ₹600 crores. The QIP for ₹600 crores opened on March 21, and closed on March 27.This capital raise, comprising the QIP of ₹600 crores, with the preferential issues of ₹800 crores in October 2023 allotment, which was approved by the Committee of Directors on October 26, 2023, and ₹100 crores in February 2024 allotment, which was approved by the Committee of Directors on February 28, 2024, marks…
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Karnataka Bank partners with FISDOM to offer stock broking services, 3-in-1 accounts – Daijiworld.com
Karnataka Bank partners with FISDOM to offer stock broking services, 3-in-1 accounts Daijiworld.com
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Source: https://m.daijiworld.com/news/newsDisplay?newsID=1182657