The scrip opened at Rs. 128.20 and has touched a high and low of Rs. 129.70 and Rs. 126.40 respectively. So far 30096 shares were traded on the counter.
The BSE group ‘A ‘ stock of face value Rs. 10 has touched a 52 week high of Rs. 157.20 on 03-Dec-2014 and a 52 week low of Rs. 108.70 on 08-Oct-2014.
Last one week high and low of the scrip stood at Rs. 129.70 and Rs. 121.15 respectively. The current market cap of the company is Rs. 2429.08 crore.
The institutions and non-institutions held 30.71% and 69.29% stake in the bank, respectively.
Karnataka Bank (KBL) has joined hands with LIC of India to introduce ‘Pradhan Mantri Jeevan Jyoti Bima Yojna’ to its customers. Under the scheme, Life insurance cover is available for Rs.2.00 Lakh for the saving account holders aged between 18 to 50 years. All the eligible savings account holders can enroll for the scheme by paying the prescribed premium of Rs 330 at the branch where they have the account.
Karnataka Bank is a major private sector banking institution based in the coastal city of Mangalore in Karnataka, India. As on March 31, 2015, the Bank has 1,675 service outlets comprising of 675 branches and 1000 ATMs located across India. During the year 2014-15, Bank has opened 75 new branches and 300 ATMs. Further, as part of Bank’s Financial Inclusion initiative, the bank has opened 19 Financial Inclusion branches in Unbanked Rural centres during the year.