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Karnataka Bank edges up on launching financial literacy & Credit Counselling Centre

05 Dec 2014 Evaluate

Karnataka Bank is currently trading at Rs. 152.50, up by 0.25 points or 0.16 % from its previous closing of Rs. 152.25 on the BSE.

The scrip opened at Rs. 151.75 and has touched a high and low of Rs. 153.10 and Rs. 150.55 respectively. So far 55116 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.20 on 03-Dec-2014 and a 52 week low of Rs. 91.20 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 157.20 and Rs. 141.25 respectively. The current market cap of the company is Rs. 2877.46 crore.

The Institutions holding in the company stood at 29.15 % while Non-Institutions held 70.85% of the bank’s stake.

As part of its financial outreach/literacy programme in tune with national priority, Mangaluru-based private sector Karnataka Bank has joined hands with Jnana Jyothi Financial Literacy & Credit Counselling Trust, Manipal, and opened its Fourth Financial Literacy & Credit Counselling Centre at Tiptur, Tumakuru District, on November 25, 2014. With the opening of the Centre, the Bank is providing the Financial Literacy & Credit Counselling Services to the people of Tiptur and surrounding area of Tiptur Taluk, as part of the Financial Inclusion initiatives of the Bank.

Karnataka Bank at present has more than 625 Branches across India and 61 lakhs accounts under Current & Savings Bank category. Bank is aiming to cross 68 lakhs Current & Savings Bank customer base by March 2015. The bank has posted a threefold jump in its net profit at Rs 88.46 crore for the quarter ended September 30, 2014 as compared to Rs 28.95 crore for the same quarter in the previous year.

Karnataka Bank Share Price

265.60 0.40 (0.15%)
25-Jun-2026 16:59 View Price Chart
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