Karnataka Bank Share Price in Focus; Condemns Fake News, Highlights 19.85% CAR

Karnataka Bank Ltd has issued a strong statement condemning false and misleading news circulated on social media and certain media outlets. The Bank clarified that the rumours are entirely baseless and appear to be deliberately aimed at spreading confusion among its customers and stakeholders.

Reassuring Customers on Deposit Safety

The Bank reaffirmed its unwavering commitment to the safety and security of depositors’ money. Karnataka Bank highlighted that, for over 101 years, it has upheld the trust placed in it by millions of customers and continues to do so with transparency and integrity. The misleading content being circulated, according to the Bank, has been crafted to sensationalise and provoke unnecessary fear.

Strong Financials and Regulatory Compliance

Emphasising its strong financial foundation, Karnataka Bank noted that it is well-capitalised, with a Capital Adequacy Ratio (CAR) of over 19.85%, well above the regulatory minimum. This reflects the Bank’s sound risk management framework and its continued financial stability. The Bank assured customers that its fundamentals remain strong and its operations resilient.

Legal Action Against False Reporting

In response to the defamatory reports, the Bank has initiated appropriate legal proceedings against the media outlet responsible. It criticised the outlet for failing to adhere to basic journalistic ethics by not seeking the Bank’s version or verifying the facts. Karnataka Bank condemned this irresponsible reporting and vowed to take necessary action to protect its reputation.

Karnataka Bank Share Price Performance

On July 1, 2025, Karnataka Bank share price opened at ₹197.51, slightly up from its previous close of ₹195.67. At 9:43 AM, the share price of Karnataka Bank was trading at ₹195.48, down by 0.10% on the NSE.

Also Read: Sensex Weekly Expiry: RBL Bank Under F&O Ban on July 1, 2025!

Conclusion

Karnataka Bank has urged its customers and the public not to fall prey to unverified reports or rumours. It continues to stand on a solid financial footing with a long-standing legacy of trust, ethical banking, and customer-centric values. The Bank encourages all stakeholders to rely only on its official communication channels and remains committed to delivering safe, transparent, and reliable banking services.

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