Karnataka Bank is currently trading at Rs. 126.40, up by 0.70 points or 0.56% from its previous closing of Rs. 125.70 on the BSE.
The scrip opened at Rs. 126.00 and has touched a high and low of Rs. 127.60 and Rs. 126.00 respectively. So far 50,000 shares were traded on the counter.
The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.75 on 26-May-2014 and a 52 week low of Rs. 71.00 on 19-Aug-2013.
Last one week high and low of the scrip stood at Rs. 127.60 and Rs. 117.50 respectively. The current market cap of the company is Rs. 2,381.00 crore.
The Institutions and Non-Institutions held 30.41% and 69.59% respectively.
Karnataka Bank, a Mangalore based premier Private Sector Bank has launched the Loan Automation Processing Solution called LAPS. The Application was already in use for processing Gold loans and Deposit loans. Now the process of entire spectrum of credit portfolio including Retail, Agriculture and Corporate sector is fully automated.
The introduction of new system provides higher level of accuracy of MIS data, apart from timely processing of credit proposals. This Application will also gradually enable online tracking of MSE application by the loan applicant. The software support is provided by Sys Arc Informatics, Chennai.
The bank’s net profit for first quarter ended June 30, 2014 rose by 29.16% at Rs 121.63 crore as compared to Rs 94.17 crore for the quarter ended June 30, 2013. Its total income increased by 4.19% to Rs 1254.24 crore for the quarter under review from Rs 1203.80 crore for the corresponding quarter of the previous year.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
| View more.. | |
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