Foreign institutional investors (FIIs) have reduced their stake in Karnataka Bank by 6.4 percentage points to 16.45% from 22.83% in past three months. The FIIs have reduced their stake amid concerns of margins stress due to slowdown in the economy, rising non-performing assets and higher cost of funds.
Karnataka Bank offers wide range of products and services such as saving accounts, deposit scheme, home loans, education loans, debit card, mobile banking, internet banking and many more.