Karnataka Bank zooms on launching CASA campaign of FY23 for 100 days

The Karnataka Bank is currently trading at Rs. 139.50, up by 7.90 points or 6.00% from its previous closing of Rs. 131.60 on the BSE.

Karnataka Bank
Karnataka Bank

The scrip opened at Rs. 130.30 and has touched a high and low of Rs. 141.90 and Rs. 130.30 respectively. So far 564287 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 144.20 on 07-Nov-2022 and a 52 week low of Rs. 55.25 on 31-Mar-2022.

Last one week high and low of the scrip stood at Rs. 141.90 and Rs. 129.55 respectively. The current market cap of the company is Rs. 4357.52 crore.

The Institutions and Non-Institutions held 23.49% and 76.50% stake in the Bank.

Karnataka Bank has launched CASA campaign of FY23 for a period of 100 days. Under this nationwide campaign starting from November 15, 2022 to March 24, 2023, Bank intends to open more than 3.65 lakhs Current & Savings accounts by active involvement of all of its work force in all the 883 branches, across India.

With this campaign, the Bank aims to introduce its attractive digitally powered savings account products to its prospective customers.

As a part of the project ‘KBL-VIKAAS’ and Digital transformation initiatives, the Bank has envisioned making available self-initiated digital on-boarding platforms to the prospective customers of the Bank.

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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