Karnataka Bank surges on launching `KBL Smart Trade`
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The Karnataka Bank is currently trading at Rs. 61.25, up by 0.95 points or 1.58% from its previous closing of Rs. 60.30 on the BSE.
The scrip opened at Rs. 62.80 and has touched a high and low of Rs. 62.80 and Rs. 60.40 respectively. So far 41158 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.45 on 04-Mar-2021 and a 52 week low of Rs. 34.20 on 29-May-2020.
Last one week high and low of the scrip stood at Rs. 65.50 and Rs. 60.10 respectively. The current market cap of the company is Rs. 1907.19 crore.
The Institutions and Non-Institutions holding in the company stood at held 14.19% and 85.81% respectively.
Karnataka Bank and IIFL Securities have joined hands to introduce ‘KBL Smart Trade’ a unique facility in which all Karnataka Bank customers can access IIFL Securities Demat & Trading account solution for their capital market needs.
Karnataka Bank's tech savvy customers from any location can now open paperless, online trading account instantly in minutes with IIFL Securities under KBL Smart Trade. KBL Smart Trade, a 2 in 1 account facility wherein Demat & Trading account features are clubbed, is a one stop shop for smart investors in capital market. Further, Bank will also be benefited by way of enriched customer engagement and retention resulting in augmented CASA funds to the Bank. IIFL is one of the pioneers in bringing technology led innovations in the broking industry in India.
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.
