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Karnataka Bank gains on opening 840th branch in Andhra Pradesh

Karnataka Bank is currently trading at Rs. 113.95, up by 0.45 points or 0.40% from its previous closing of Rs. 113.50 on the BSE.

The scrip opened at Rs. 114.40 and has touched a high and low of Rs. 114.40 and Rs. 112.80 respectively. So far 34326 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 141.15 on 08-Apr-2019 and a 52 week low of Rs. 92.30 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 119.70 and Rs. 109.80 respectively. The current market cap of the company is Rs. 3216.08 crore.

The Institutions and Non-Institutions held 30.53% and 69.47% stake respectively, in the company.

Karnataka Bank has opened 840th Branch at Nidadavolu, in state of Andhra Pradesh on May 29, 2019. Earlier, the bank had opened 839th at Nadugodu – Kateel in Karnataka.

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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