Karnataka Bank rises on planning to augment capital through Basel III compliant Tier II instruments

Karnataka Bank is currently trading at Rs. 58.60, up by 0.50 points or 0.86% from its previous closing of Rs. 58.10 on the BSE.

karnataka bank trades in green on the bourses
karnataka bank trades in green on the bourses

The scrip opened at Rs. 58.60 and has touched a high and low of Rs. 59.25 and Rs. 58.30 respectively. So far 99371 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. 59.25 and Rs. 57.00 respectively. The current market cap of the company is Rs. 1831.20 crore.

The Institutions holding in the company stood at 16.79%, while Non-Institutions held 83.21%.

Karnataka Bank is planning for augmenting the capital through Basel III compliant Tier II instruments. A meeting of the Board of Directors of the Bank has been scheduled on March 22, 2022, to consider the same.

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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