The Karnataka Bank Limited — Board Meeting, 23-10-2024: Outcome of Board Meeting

Karnataka Bank Ltd. reported its unaudited standalone and consolidated financial results for the half-year ended September 30, 2024. Total income reached ₹5,061 crores, with a net profit of ₹736.67 crores. The bank's capital adequacy ratio stood at 17.58%. Notably, the board approved the issuance of new equity shares under the Employee Stock Options scheme. Additionally, there were no deviations in the utilization of funds raised through prior debt instruments.