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The Karnataka Bank is currently trading at Rs. 223.75, up by 4.65 points or 2.12% from its previous closing of Rs. 219.10 on the BSE.

The scrip opened at Rs. 221.30 and has touched a high and low of Rs. 227.75 and Rs. 220.05 respectively. So far 78065 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 286.35 on 20-Jan-2024 and a 52 week low of Rs. 192.25 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 227.75 and Rs. 217.20 respectively. The current market cap of the company is Rs. 8483.18 crore.

The Institutions and Non-Institutions held 32.34% and 67.66% stake in the company respectively.

Karnataka Bank has launched its first Retail Assets Centre (RAC) at J P Nagara, Bengaluru to enhance its Retail Banking Services and provide a more streamlined, customer-focused approach to its loan and financial products. The idea is to provide a centralized processing hub called RAC across all potential business locations/ regions bringing together all key departmental functions like Business Coordination, Credit Underwriting, Credit Sanctions, Credit Operations, Disbursements & Post Disbursement Services under one roof, aimed at catering to the growing demand for Retail Loan products.

The RAC will provide a one-stop solution for customers to avail various Retail Loan products, with a focus on quick processing, speedy Turnaround times, competitive pricing, and personalized services at scale. The RAC will also cater to all Channel partners by offering them easier access & interface to submit applications, faster processing times, ability to track their applications to closure and a service touch point for all their queries. By centralizing the Retail Assets business, the Bank aims to improve operational efficiency & grow its Retail Loan book multifold over the next few years.

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.