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Karnataka Bank trades in green on the BSE

10 Oct 2016 Evaluate

The Karnataka Bank is currently trading at Rs. 151.35, up by 0.20 points or 0.13% from its previous closing of Rs. 151.15 on the BSE.

The scrip opened at Rs. 151.00 and has touched a high and low of Rs. 152.00 and Rs. 150.15 respectively. So far 135243 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.10 on 07-Sep-2016 and a 52 week low of Rs. 84.85 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 154.30 and Rs. 147.20 respectively. The current market cap of the company is Rs. 2851.46 crore.

Institutions and Non-Institutions held 31.87% and 68.13% stake respectively in the bank.

Karnataka Bank has reduced its marginal cost of funds based lending rate (MCLR) by 5 basis points with effect from October 1, 2016. With this, one year MCLR of the Bank now stands at 9.15% p.a.

The 1 year, 6 month and 3 month MCLR are revised to 9.15% p.a, 9.10 p.a and 9.05 p.a, respectively. Moreover, 1 month and overnight MCLR has also been revised to 9.00% p.a and 8.90% p.a.

Further, the Bank has also reduced the interest rate on housing loan to 9.50% p.a. (for loans up to Rs 3 crore) and Car Loan to 10.25% p.a. for new loans sanctioned on or after 01.10.2016. With this reduction in MCLR, the interest rate on Inland bill discounting (under LC) and Post shipment credit (backed by LC) is now reduced to 9.15% p.a.

Karnataka Bank, a private sector lender engaged in providing a range of banking and financial services, including retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.

Karnataka Bank Share Price

244.90 -5.80 (-2.31%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 784.50
ICICI Bank 1347.75
Axis Bank 1369.55
Kotak Mahindra Bank 370.40
Indusind Bank 860.45
View more..

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