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Karnataka Bank gains on inking MoU with Tirth Agro Technology for agri-mechanisation

27 Jan 2017 Evaluate

Karnataka Bank is currently trading at Rs. 114.95, up by 0.95 points or 0.83% from its previous closing of Rs. 114.00 on the BSE.

The scrip opened at Rs. 114.20 and has touched a high and low of Rs. 115.60 and Rs. 114.20 respectively. So far 17,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 134.15 on 24-Oct-2016 and a 52 week low of Rs. 69.07 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 123.40 and Rs. 112.10 respectively. The current market cap of the company is Rs. 3,252.00 crore.

The Institutions and Non-Institutions held 28.73% and 71.27% respectively in the company.

Karnataka Bank has entered into a Memorandum of Understanding (MoU) with the leading agricultural equipment/implements manufacturer Tirth Agro Technology, Rajkot for financing to farmers for agri-mechanisation.

The MoU aims to work together to promote agriculture mechanization in India by utilizing the immense experience the bank has in agricultural finance through its vast network of branches across India and the expertise of the company in the field of manufacturing of high quality agriculture equipments and implements.

With over 9 decades of experience at the forefront of providing professional banking services and quality customer service, the bank has a national presence with a network of 740 branches spread across 21 states and 2 Union Territories.

Karnataka Bank operates as a private sector bank. It 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.


Karnataka Bank Share Price

245.60 -1.00 (-0.41%)
20-Apr-2026 16:59 View Price Chart
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