Karnataka Bank jumps on launching ‘Online KYC updation’ portal

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Karnataka Bank is currently trading at Rs. 66.50, up by 1.15 points or 1.76% from its previous closing of Rs. 65.35 on the BSE.

Karnataka Bank
Karnataka Bank

The scrip opened at Rs. 66.30 and has touched a high and low of Rs. 66.90 and Rs. 65.45 respectively. So far 92119 shares were traded on the counter.

Karnataka Bank The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 81.80 on 11-Nov-2021 and a 52 week low of Rs. 51.55 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 68.85 and Rs. 65.00 respectively. The current market cap of the company is Rs. 2057.35 crore.

The Institutions and Non-Institutions holding in the company stood at 16.79% and 83.21% respectively. Karnataka Bank

Karnataka Bank has launched its ‘Online KYC updation’ portal, to facilitate the customers to update their KYC documents through online mode from their convenient place and time, without visiting the branch.

Karnataka Bank This is one of the digi initiatives of the bank to help the customers to update their KYC especially during the pandemic situation. The updation of KYC at periodic intervals is a statutory requirement as per RBI guidelines and the new portal helps the customers to submit their KYC through an online process, without visiting the branch. This enables the customers to update their KYC at the Bank and continue to operate the account without any hassle.

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.

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