News for The Karnataka Bank Limited (KTKBANK.BO)

Indias banking sector saw a mixed Q4FY25, with private banks lagging and small/mid-sized banks outperforming. ICICI and HDFC Bank posted healthy profits, while SBI and Kotak disappointed. Public sector banks reported strong PAT growth. Analysts expect double-digit earnings growth in FY26, with multiple brokerage buy calls on leading banks.

Several banks in India are offering competitive interest rates on vehicle loans, with slightly lower rates for electric vehicles to promote eco-friendly transportation. Among public sector banks, Indian Overseas Bank offers interest rates starting from 8.15% for electric vehicles and 8.35% for non-electric ones.

Securing a home loan from private banks involves understanding interest rates, credit scores, and EMIs. Interest rates vary based on factors like credit score and loan tenure. Essential property documents such as the Sale Deed and Completion Certificate must be verified before purchase. Your salary influences the loan amount based on EMI/NMI ratio.

As many as 126 companies are scheduled to announce their fourth quarter (Q4) and full financial year (FY 2024-25) results for the January-March period on Wednesday. Among these, prominent names include Jubilant Foodworks, Berger Paints India, Hindustan Aeronautics, Tata Power and Rekha Jhunjhunwala-backed Baazar Style Retail. These companies will hold their Board Meetings on May 14, during which the results for the quarter and financial year ending March 2025 will be discussed and approved.

The government-backed Senior Citizen Savings Scheme (SCSS) and bank-offered Senior Citizen Fixed Deposits are two popular investment options for senior citizens to plan a steady income and the safety of capital.

With banks reducing FD interest rates, the Post Office Time Deposit (POTD) remains competitive, offering 7.10% until June 2025. While major banks offer lower rates around 6.90%, select private banks like DCB, RBL, and YES Bank provide higher returns up to 7.50%.

Planning a home loan in May 2025? The Reserve Bank of India (RBI) has reduced the repo rate. The new rate is now 6.00%. This reduction may lower home loan interest rates.

Karnataka Bank has appointed an external agency to conduct a forensic review of its suspicious global UPI transactions. This move is based on direction by the bank's board and the Reserve Bank of India. The appointment concerned certain deficiencies in the reconciliation process, related to suspicious global UPI transactions reported on Feb. 17, according to an exchange filing on Wednesday.

Leading banks cut deposit rates following RBI repo rate cut, affecting savings plans, while lending rate cuts may benefit borrowers.

Universal Sompo General Insurance enhances customer experience with AI-driven automation, real-time tracking, and self-service options, improving efficiency and reducing turnaround times. Integration of WhatsApp for claims and policy services, along with real-time TAT displays, reinforces transparency and operational excellence.

Banks cut deposit rates due to surplus liquidity, expect further reductions as RBI rate cuts and liquidity improve.

EPFO expands banking network, adding 15 new banks for contribution collection, enabling direct access for employers.

Public, private, and small finance banks in India are currently offering fixed deposit (FD) schemes with interest rates exceeding 8.5% for specific periods. Thisis strengthening FDs as the preferred investment option for senior citizens seeking a stable and dependable financial instrument.

Investing in bank IPOs in the last decade has mostly resulted in underperformance, favoring larger banks for better returns.

Investing in bank IPOs in the last decade has mostly resulted in underperformance, favoring larger banks for better returns.

While lower GST could help increase penetration of insurance, some experts call for controlling medical inflation as well

The two banks which recently added to the list are Tamilnad Mercantile Bank (included on March 5, 2025) and IDFC First Bank which got added on Nov 27, 2024. Another bank which added to the list is Dhanlaxmi Bank on June 26, 2024.

The Income Tax Department has expanded its partnership with several banks to offer enhanced tax payment services.

Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.