Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

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Forensic Accounting

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<li>
<a href="https://www.smartkarma.com/entities/karnataka-bank-ltd" target="_blank" data-smartkarma-citation="entities:281:1" rel="noopener">Karnataka Bank (KBL IN)</a>'s top two executives resigned under unclear circumstances, with boardroom friction, unauthorized spending, and weak financial performance raising concerns.</li>
<li>Even audit report also suggests some red flags of minuscule amounts in unauthorized expenses, raising governance issues.</li>
<li>The bank’s leadership shakeup and declining financials suggest instability; while governance reforms are needed along with new and strong leadership and governance realignment.</li>
</ul>



Karnataka Bank (KBL IN)'s top two executives resigned under unclear circumstances, with boardroom friction, unauthorized spending, and weak financial performance raising concerns.
Even audit report also suggests some red flags of minuscule amounts in unauthorized expenses, raising governance issues.
The bank’s leadership shakeup and declining financials suggest instability; while governance reforms are needed along with new and strong leadership and governance realignment.


Executive Exodus at Karnataka Bank: More Than Just "Personal Reasons"?

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Teams and Processes Strengthened: As a part of its transformative journey under the new management, the bank undertook the reorganisation of several departments, strengthening underwriting capabilities, working towards freeing the bandwidth of branches alongside strengthening its management and business teams across functions, with key managerial positions being filled.</li><li>The bank has also tried to enhance its digital capabilities and effectively bridge its technological gaps.</li><li>Additionally, along with its traditional branch-led business sourcing model, the bank has sharpened its focus on sales-led, digital and partnership-led (for select products)</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Teams and Processes Strengthened: As a part of its transformative journey under the new management, the bank undertook the reorganisation of several departments, strengthening underwriting capabilities, working towards freeing the bandwidth of branches alongside strengthening its management and business teams across functions, with key managerial positions being filled.The bank has also tried to enhance its digital capabilities and effectively bridge its technological gaps.Additionally, along with its traditional branch-led business sourcing model, the bank has sharpened its focus on sales-led, digital and partnership-led (for select products)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Karnataka Bank Ltd. - Gearing Up for Growth After a Year of Consolidation!

<ul><li>Slower Growth in FY25; Meaningful Acceleration Expected in H2FY26: In FY25, the slower growth can be primarily attributed to the portfolio churn towards retail loans and directto-corporate from the opportunistic lower-yielding large and PSU/NBFC lending pursued earlier.</li><li>Pursuant to its strategy to improve the share of direct-to-corporate loans, the bank has seen a ~Rs 1,300 Cr churn from the NBFC advances to the direct-to-corporate segment in FY25.</li><li>Furthermore, KTKBANK has aligned its processes and beefed up sales and leadership teams in the retail and MSME segment as it readies to push the growth pedal going into FY26. T</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Slower Growth in FY25; Meaningful Acceleration Expected in H2FY26: In FY25, the slower growth can be primarily attributed to the portfolio churn towards retail loans and directto-corporate from the opportunistic lower-yielding large and PSU/NBFC lending pursued earlier.Pursuant to its strategy to improve the share of direct-to-corporate loans, the bank has seen a ~Rs 1,300 Cr churn from the NBFC advances to the direct-to-corporate segment in FY25.Furthermore, KTKBANK has aligned its processes and beefed up sales and leadership teams in the retail and MSME segment as it readies to push the growth pedal going into FY26. TContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Karnataka Bank Ltd - Miss on All Fronts; Growth Poised for H2FY26 Recovery!

External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>KBL reported an 11% PAT miss in 3Q at Rs2.8bn, due to lower margins – down by 21bps QoQ to 3% (partly due to change in penal interest recognition), and other income, as the bank adopted a calibrated growth approach amid rising liquidity/cost pressures.</li><li>Incrementally, the bank would look at growth with clear focus on ramping up RAM (Retail, Agri, and MSME book) to deliver sustainably healthy RoAs over 1%.</li><li>Headline asset quality continues to trend well with GNPA ratio down at 3.1%, which could fall below 3% as slippages remain contained, while the otherwise higher restructured book too moderates hereon. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KBL reported an 11% PAT miss in 3Q at Rs2.8bn, due to lower margins – down by 21bps QoQ to 3% (partly due to change in penal interest recognition), and other income, as the bank adopted a calibrated growth approach amid rising liquidity/cost pressures.Incrementally, the bank would look at growth with clear focus on ramping up RAM (Retail, Agri, and MSME book) to deliver sustainably healthy RoAs over 1%.Headline asset quality continues to trend well with GNPA ratio down at 3.1%, which could fall below 3% as slippages remain contained, while the otherwise higher restructured book too moderates hereon. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Karnataka Bank - Calibrated Growth Approach and Lower NIMs Lead to Earning Miss

<ul><li>Firing up the Growth Engine: In Q3FY25, the bank has seen growth momentum pick up, though moderately.</li><li>The slower growth can be largely attributed to the portfolio churn towards retail loans from the opportunistic lower-yielding large and mid-corporate lending pursued earlier.</li><li>With a clear strategy to drive growth, the management remains confident of accelerating the pace of credit growth, as it eyes clocks advances of Rs 1 Lc Cr by Jun’26. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Firing up the Growth Engine: In Q3FY25, the bank has seen growth momentum pick up, though moderately.The slower growth can be largely attributed to the portfolio churn towards retail loans from the opportunistic lower-yielding large and mid-corporate lending pursued earlier.With a clear strategy to drive growth, the management remains confident of accelerating the pace of credit growth, as it eyes clocks advances of Rs 1 Lc Cr by Jun’26. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Karnataka Bank Ltd. - Weak Quarter; Strategic Growth Drivers in Place!

India

Karnataka Bank Ltd is a full-service bank. The Bank accepts deposits, makes loans and provides other services for the public.

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Karnataka Bank (KBL IN)

Executive Exodus at Karnataka Bank: More Than Just "Personal Reasons"?

Karnataka Bank faces leadership turmoil and financial concerns as top executives resign amid boardroom friction and unauthorized spending.

Nimish Maheshwari

Karnataka Bank Ltd. - Gearing Up for Growth After a Year of Consolidation!

As a part of its transformative journey under the new management, the bank undertook the reorganisation of several departments, strengthening...

Axis Direct

Karnataka Bank Ltd - Miss on All Fronts; Growth Poised for H2FY26 Recovery!

Pursuant to its strategy to improve the share of direct-to-corporate loans, the bank has seen a ~Rs 1,300 Cr churn from the NBFC advances to the...

Axis Direct

Karnataka Bank - Calibrated Growth Approach and Lower NIMs Lead to Earning Miss

KBL reported an 11% PAT miss in 3Q at Rs2.8bn, due to lower margins – down by 21bps QoQ to 3% (partly due to change in penal interest recognition)

Emkay

Karnataka Bank Ltd. - Weak Quarter; Strategic Growth Drivers in Place!

The slower growth can be largely attributed to the portfolio churn towards retail loans from the opportunistic lower-yielding large and mid...

Axis Direct

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52-week Range

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Executive Exodus at Karnataka Bank: More Than Just "Personal Reasons"?

​Karnataka Bank faces leadership turmoil and financial concerns as top executives resign amid boardroom friction and unauthorized spending.

Nimish Maheshwari

Karnataka Bank Ltd. - Gearing Up for Growth After a Year of Consolidation!

As a part of its transformative journey under the new management, the bank undertook the reorganisation of several departments, strengthening...

Axis Direct

Karnataka Bank Ltd - Miss on All Fronts; Growth Poised for H2FY26 Recovery!

Pursuant to its strategy to improve the share of direct-to-corporate loans, the bank has seen a ~Rs 1,300 Cr churn from the NBFC advances to the...

Axis Direct

Karnataka Bank - Calibrated Growth Approach and Lower NIMs Lead to Earning Miss

KBL reported an 11% PAT miss in 3Q at Rs2.8bn, due to lower margins – down by 21bps QoQ to 3% (partly due to change in penal interest recognition)

Emkay

Karnataka Bank Ltd. - Weak Quarter; Strategic Growth Drivers in Place!

The slower growth can be largely attributed to the portfolio churn towards retail loans from the opportunistic lower-yielding large and mid...

Axis Direct

Karnataka Bank faces leadership turmoil and financial concerns as top executives resign amid boardroom friction and unauthorized spending.