News for The Karnataka Bank Limited (KTKBANK.NS)

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.

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.

Mintoak acquires Digiledge for bill payments and CBDC capabilities, enhancing services for SMEs and partner banks.

Fintech SaaS platform Mintoak has acquired Bengaluru-based Digiledge to add bill payments and Central Bank Digital Currency (CBDC) solutions to…

They included names such as BEML Ltd, Cyient DLM Ltd, IRCON International, Mastek Ltd, Karnataka Bank Ltd, Titagarh Rail Systems Ltd and VIP Industries Ltd.

FD interest: Fixed deposit interest rate up to 8.05%. General citizens who want to invest in FD for one year can get this high interest rate. Read below to know more about which banks are offering such a high interest rate on FDs. Get the full list of private sector banks here.

After the RBI repo rate cut, banks such as SBI, Canara Bank, PNB, and Union Bank among others have cut their repo linked lending rates. Most other banks are also expected to cut their lending rates in line with the RBI rate cut.

he liquidity strain that banks are currently experiencing may ease from the second half of April 2025 as Government spending is seen kicking in by then even as credit demand typically moderates in the first quarter, per treasury market experts’ assessment.

In February 2025, six banks adjusted senior citizen fixed deposit rates, offering up to 9.1% amid a 0.25% RBI repo rate cut. This move affects deposits under Rs 3 crore, impacting post-retirement finances.

In February 2025, six banks revised their fixed deposit interest rates amid a repo rate cut by the Reserve Bank of India. Despite some reductions, senior citizens could still earn rates as high as 9.10% per annum, offering attractive returns for their investments.

Inc42 picked up nine leading fintech startups that are transforming loan accessibility for businesses and driving innovation in the lending space