Karnataka Bank Hits Milestone: Gross Advances Cross ₹83,000 Crore in FY26

Karnataka Bank Ltd has released its provisional business updates for the financial year ending March 31, 2026, demonstrating steady growth in its lending portfolio and a significant strengthening of its low-cost deposit base. The bank's Gross Advances reached ₹83,336.92 crore, marking a 6.9% Year-on-Year (YoY) increase and a robust 7.8% growth compared to the previous quarter.

A major highlight of the report is the bank's success in improving its deposit mix. CASA (Current Account Savings Account) deposits surged by 10% YoY to reach ₹36,621.16 crore. This growth outperformed the total deposit growth of 3.8%, leading to a substantial rise in the CASA Ratio. The share of CASA to total deposits now stands at 33.65%, an improvement of 190 basis points over the previous year.

Total Deposits for the bank stood at ₹1,08,840.95 crore as of March 31, 2026. These figures indicate a healthy liquidity position and a strategic focus on high-quality, low-cost liabilities. The bank noted that these parameters are currently provisional and remain subject to a final audit by Statutory Auditors.

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 230.30 as compared to the previous close of Rs. 223.05. The total number of shares traded during the day was 222766 in over 2419 trades.

The stock hit an intraday high of Rs. 233.45 and intraday low of 226.35. The net turnover during the day was Rs. 51346922.00.

Source : Equity Bulls

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TheKarnatakaBank INE614B01018 BusinessUpdate FY2026