Karnataka Bank trades high on the bourses

Karnataka Bank is currently trading at Rs. 93.00, up by 0.65 points or 0.70% from its previous closing of Rs. 92.35 on the BSE.

The scrip opened at Rs. 92.45 and has touched a high and low of Rs. 94.00 and Rs. 92.00 respectively. So far 46299 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.00 on 07-Jul-2015 and a 52 week low of Rs. 86.35 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 95.35 and Rs. 86.35 respectively. The current market cap of the company is Rs. 1749.81 crore.

The Institutions and Non-Institutions held 33.48% and 66.52% stake in the bank, respectively.

Karnataka Bank has bagged ‘IBA Banking Technology Award’ in the category of Best Risk and Fraud Management Initiative - Runner Up amongst Small Banks. The award was announced as part of Indian Banks’ Association Technology Conference, Expo & Awards 2016.

Karnataka Bank is a major private sector banking institution based in the coastal city of Mangalore in Karnataka, India. The bank at present has 713 Branches, 1210 ATMs. It aims to increase its service outlets to 2,000 by end of the current Fiscal with 725 branches and 1275 ATMs, including 25 e-lobbies.