Karnataka Bank jumps after its gross advances rise 12% in Q3FY23
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Karnataka Bank is currently trading at Rs. 158.45, up by 4.20 points or 2.72% from its previous closing of Rs. 154.25 on the BSE.
The scrip opened at Rs. 156.95 and has touched a high and low of Rs. 162.00 and Rs. 156.95 respectively. So far 198807 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.50 on 14-Dec-2022 and a 52 week low of Rs. 55.25 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 162.00 and Rs. 145.25 respectively. The current market cap of the company is Rs. 4987.16 crore.
The Institutions and Non-Institutions held 23.49% and 76.50%, stake in the bank respectively.
Karnataka Bank’s gross advances stood at Rs 63658.59 crore (provisional) as of December 31, 2022 (Q3FY23), posting a 12.37% rise in year-on-year (YoY) terms as against Rs 56651.67 crore as of December 31, 2021. Its CASA stood at Rs 26991.74 crore (Provisional) as of December 31, 2022, posting a 9.95% rise as against Rs 24549.42 crore as of December 31, 2021, on yearly basis. Aggregate deposits increased 7.87% to Rs 84592.60 crore (provisional) as of December 31, 2022, as compared to Rs 78424.86 crore as of December 31, 2021.
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.
