Karnataka Bank is currently trading at Rs. 44.80, up by 0.65 points or 1.47% from its previous closing of Rs. 44.15 on the BSE.
The scrip opened at Rs. 44.95 and has touched a high and low of Rs. 45.10 and Rs. 44.55 respectively. So far 68017 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 97.54 on 27-Jun-2019 and a 52 week low of Rs. 34.20 on 29-May-2020.
Last one week high and low of the scrip stood at Rs. 45.30 and Rs. 38.80 respectively. The current market cap of the company is Rs. 1372.49 crore.
The Institutions and Non-Institutions held 23.45% and 76.55% stake respectively in the company.
Karnataka Bank has launched a new product viz. KBL Micro Mitra, wherein financial assistance up to Rs 10 lakh can be provided to the Micro manufacturing and service enterprises either for working capital or for investment purposes. The facility comes with a simplified procedure and competitive rate of interest. The bank will also come out with the digital version of the product shortly.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
