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25-May2018

Karnataka Bank moves up on the bourses

The Karnataka Bank is currently trading at Rs. 118.55, up by 1.90 points or 1.63% from its previous closing of Rs. 116.65 on the BSE.

The scrip opened at Rs. 118.10 and has touched a high and low of Rs. 118.50 and Rs. 115.95 respectively. So far 21018 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 181.15 on 02-Jun-2017 and a 52 week low of Rs. 106.95 on 02-Apr-2018.

Last one week high and low of the scrip stood at Rs. 121.35 and Rs. 113.95 respectively. The current market cap of the company is Rs. 3336.18 crore.

The Institutions and Non-Institutions held 27.53% and 72.47% stake respectively in the company.

Karnataka Bank has opened two new branches on May 24, 2018. The bank has inaugurated its 803rd branch at Chittoor and 804th branch at Moodushedde GP (Financial Inclusion).

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.


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