Karnataka Bank shares rise nearly 4% after launch of first retail assets centre in Bengaluru

Shares of Karnataka Bank rose by 3.58% to ₹227.04 on the announcement of its first Retail Assets Centre (RAC) in Bengaluru. This initiative is a significant step toward enhancing the bank’s Retail Banking services by centralizing critical functions such as credit underwriting, sanctions, operations, disbursements, and post-disbursement services. The RAC aims to provide customers and channel partners with faster loan processing, competitive pricing, and seamless service delivery.

The newly launched RAC will serve as a one-stop solution for retail loan products, ensuring operational efficiency while meeting the growing demand for retail loans. Shri Srikrishnan H, MD & CEO of Karnataka Bank, highlighted the bank’s commitment to customer-centric solutions and emphasized plans to replicate the RAC model in other locations across India. Shri Sekhar Rao, Executive Director of Karnataka Bank, added that advanced technology would be leveraged to ensure smooth and hassle-free transactions with both physical and digital touchpoints.

Stock Performance:
As of today, Karnataka Bank’s shares are trading at ₹227.04, up 3.58%. Over the past five days, the stock has gained 3.24%, and in the last month, it has risen by 4.70%. Although the year-to-date performance shows a slight decline of 3.01%, the stock has grown by 1.34% over the past year and 244.89% over the last five years, demonstrating a robust long-term trajectory.