About
About The Karnataka Bank Limited
The Karnataka Bank Limited provides various banking and financial services in India. It operates through four segments: Treasury operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company provides various fund and non-fund-based products, including term loans, working capital facilities, foreign exchange services, structured finance, as well as trade financing products, such as letters of credit, guarantees, and bill discounting. It offers home, automobile, personal, and education loans; loans against term deposits; loans against securities; and gold, small business, and agriculture loans to agriculture, MSME, housing, and education sectors; and range of ancillary products and services, including collection of taxes, digital marketing initiatives, trade finance automation, doorstep gold loan, OMNI channel, corporate salary account, and enhanced whatsapp banking, as well as FASTag services. In addition, the company's products include KBL Contractor Mitra, KBL Micro Mitra, KBL Export Mitra, KBL MSME, as well as KBL Mahila Udyog for financial support of women entrepreneurs. Additionally, it engages in statutory reserves management, such as SLR and CRR; liquidity and treasury management; investment and trading activities; and foreign exchange activities. Further, the company invests in sovereign debt instruments and other fixed income securities; mutual funds; certificates of deposits; floating rate instrument; forward contracts; and trades debt and equity securities, as well as distributes insurance products. The Karnataka Bank Limited was incorporated in 1924 and is based in Mangalore, India.
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5 years, 5 months ago
The Karnataka Bank Limited is currently in a long term uptrend where the price is trading 5.2% above its 200 day moving average.
From a valuation standpoint, the stock is 98.6% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 0.5.
The Karnataka Bank Limited's total revenue sank by 2.5% to $9B since the same quarter in the previous year.
Its net income has increased by 9.9% to $1B since the same quarter in the previous year.
Finally, its free cash flow fell by 108.8% to $-896M since the same quarter in the previous year.
Based on the above factors, The Karnataka Bank Limited gets an overall score of 3/5.