The Karnataka Bank Limited
Bandhan Mutual Fund increased its stake in The Karnataka Bank Limited from 3.28% to 4.02%, acquiring 27,87,923 shares. This transaction raised its total holding to 1,52,05,106 shares.
A private sector bank based in Karnataka, it offers a broad range of banking and financial services to retail and corporate customers. The bank provides treasury operations, foreign exchange services, and para-banking activities. It operates multiple branches across India, delivering traditional and digital banking solutions to individual customers, businesses, and institutional clients through its network.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.