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Karnataka Bank rises on launching KBL FASTag

26 Aug 2021 Evaluate

The Karnataka Bank is currently trading at Rs. 52.55, up by 0.65 points or 1.25% from its previous closing of Rs. 51.90 on the BSE.

The scrip opened at Rs. 52.70 and has touched a high and low of Rs. 52.70 and Rs. 52.10 respectively. So far 10750 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.45 on 04-Mar-2021 and a 52 week low of Rs. 39.50 on 25-Sep-2020.

Last one week high and low of the scrip stood at Rs. 57.00 and Rs. 51.55 respectively. The current market cap of the company is Rs. 1625.85 crore.

The Institutions and Non-Institutions held 15.84% and 84.16% stake respectively in the company.

Karnataka Bank has launched its KBL FASTag, a pre-loaded payment instrument to facilitate seamless movement of vehicles at the toll plazas across India, in association with NPCI and Worldline. The FASTag facilitates the users with ease and convenience during transit through the toll plaza by saving time, fuel and money. Customers can procure FASTag through the bank's website or by approaching the nearby branch.

While driving through a toll plaza, the applicable toll amount gets automatically debited through the sensors at the plaza and the driver gets instant SMS alerts for the toll transactions, and balance maintenance. KBL FASTag can be used across all the toll plazas throughout the country, which are registered in the National Electronic Toll Collection (NETC) program.

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.


Karnataka Bank Share Price

246.60 0.15 (0.06%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
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