Karnataka Bank gains on entering into strategic partnership with Pine Labs
The Karnataka Bank is currently trading at Rs. 253.75, up by 3.80 points or 1.52% from its previous closing of Rs. 249.95 on the BSE.
The scrip opened at Rs. 253.90 and has touched a high and low of Rs. 253.95 and Rs. 249.80 respectively. So far 43975 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 255.25 on 20-Apr-2026 and a 52 week low of Rs. 169.05 on 28-Aug-2025.
Last one week high and low of the scrip stood at Rs. 255.25 and Rs. 241.40 respectively. The current market cap of the company is Rs. 9582.39 crore.
The Institutions and Non-Institutions held 27.95% and 72.05% stake in the company respectively.
Karnataka Bank has entered into a strategic partnership with Pine Labs, a top provider of Point-of-Sale (PoS) solutions. Through this partnership, the bank aims to strengthen digital payment options for its customers.
This partnership aligns with the banks’ vision of becoming the ‘Digital Bank of the Future'. Pine Labs offers user-friendly and reliable PoS solutions that plays a vital role in today's digital payment ecosystem. This collaboration will enable the bank’s Retail and MSME customers to seamlessly access advanced PoS terminals, thereby promoting digital adoption and driving mutual growth.
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