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Karnataka Bank soars on launching Digital Recovery Tool

Mumbai : Karnataka Bank is currently trading at Rs. 104.00, up by 0.95 points or 0.92% from its previous closing of Rs. 103.05 on the BSE. The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 104.75 and Rs. 103.05 respectively. So far 42416 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. 107.30 and Rs. 101.70 respectively. The current market cap of the company is Rs. 2939.12 crore. The Institutions and Non-Institutions held 30.53% and 69.47%, stake in the Bank respectively. Karnataka Bank has launched a web tool named VASOOL SO-Ft (VASOOL SOFAST) for digitalising NPA recovery process. The tool will enable easy and faster processing, real time information and immediate decision making in the recovery area.

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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