Halvasia is an Indian investor with a stake in Tourism Finance Corporation of India Limited (TFCIL) and the Chairman and Managing Director of Cupid Limited, a company known for manufacturing contraceptives.
The quant mutual fund-backed smallcap lender traded on the NSE with a jump of around 8% at Rs. ended at 188.50. The price action on BSE was accompanied by a jump of more than 8.12 times amid intense volumes.
Quant Mutual Fund-Quant Mutual Small Cap Fund owns 3.90% stake in the lender.
Karnataka Bank shares are trading under pressure, witnessing a 6% slide in the last 12 months.
Karnataka Bank for the quarter ended September 30, 2025 posted Rs. 319.12 crore in Q1FY26 as against Rs. 292.40 crore compared to a net profit of 9.1% quarter-on-quarter. Net profit for the half year ended September 2025 was Rs. 611.52 crore, which for the half year ended September 2024 was Rs. 736.40 crores.
Net Interest Income (NII) Rs. 728.12 crores.
NPAs declined during the quarter under review as GNPA declined to 3.33% as against 3.46% in June 2025, while NNPAs also declined to 1.35% as against 1.44% in June 2025.
The total business of the bank in Q2 of FY26 was Rs. 1,76,461.34 crore (on aggregate basis) in Q1 FY26 as against Rs. 1,77,509.19 crores.
Bank’s total deposits in Q2FY26 stood at Rs. 1,02,817.19 crore as against Q1FY26’s Rs. 1,03,242.17 crores. Gross advances of the bank in Q2FY26 stood at Rs. 73,644.15 crore while in Q1FY26 Rs. 74,267.02 crore, however, growth was seen in the bank’s RAM (Retail, Agri and MSME) segment. The bank’s CD ratio (gross) was 71.63%.
The bank’s capital adequacy ratio stood at 20.84% as compared to 20.46% in June 2025. As per RBI’s revised draft guidelines on Liquidity Coverage Ratio (LCR), the Bank has calculated as on 30th September 2025, which is 18% 1618.
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