Karnataka Bank has received approval to raise funds through Qualified Institutions placement (QIP). The Board of Directors of the Bank at its meeting held on January 27, 2020 has approved the same.
The Board has consented to create, offer, issue and allot equity shares having face value of Rs 10 each to the Qualified Institutional Buyers (QIBs), such that the total number of equity shares to be issued shall not exceed 15 crore equity shares of the Bank.
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.
| 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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