Karnataka Bank bulk deal: Cupid CMD Aditya Kumar Halwasiya picks up Rs 71 cr stake in Quant MF-backed lender

Aditya Kumar Halwasia has bought 38 lakh shares in The Karnataka Bank via a bulk deal on Friday. The shares which were purchased at a premium of Rs 5.6%, taking the deal size at Rs 71 crore.

Halwasia is an Indian investor with stake in Tourism Finance Corporation of India Ltd (TFCIL) and is the Chairman and Managing Director of Cupid Limited, a company known for manufacturing contraceptives.

The smallcap lender, backed by Quant Mutual Fund ended with nearly 8% jump at Rs 188.50 on the NSE. The price action was accompanied amid sharp volumes which spurt by more than 8.12 times on the BSE.

Quant’s holds 3.90% stake in the lender via Quant Mutual Fund-Quant Mutual Small Cap Fund.

The shares of Karnataka Bank have been trading under pressure, witnessing a 6% slide over the past 12 months.

Karnataka Bank posted a net profit of Rs 319.12 crore for the quarter ended September 30, 2025, which improved by 9.1% quarter-on-quarter versus a net profit of Rs 292.40 crore in Q1FY26. For the half year ended September 2025, the net profit stood at Rs 611.52 crores, as against Rs 736.40 crores for half year ended September 2024.The Net Interest Income (NII) stood at Rs 728.12 crore.The NPAs moderated during the quarter under review as the GNPAs reduced to 3.33% as against 3.46% as of June 2025, while NNPAs also reduced to 1.35% as against 1.44% as of June 2025.

The aggregate business of the bank stood at Rs 1,76,461.34 crore (on a gross basis) for Q2FY26 compared to Rs 1,77,509.19 crore in Q1FY26.

The aggregate deposits of the bank stood at Rs 1,02,817.19 crore in Q2FY26 as against Rs 1,03,242.17 crore as of Q1FY26. Bank’s gross advances stood at Rs 73,644.15 crore in Q2FY26 when compared to Rs 74,267.02 crore as of Q1FY26, however there was a growth in the RAM (Retail, Agri & MSME) segment of the Bank. The CD ratio (Gross) of the Bank stood at 71.63%.

The Bank’s Capital Adequacy Ratio stood at 20.84% compared to 20.46% as of June 2025. In line with RBI’ s revised draft guidelines on Liquidity Coverage Ratio (LCR), the Bank has computed the same as on 30th September 2025, which stands at 188.16%.

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