update

Karnataka Bank trades higher on the bourses

 

       Karnataka Bank has conducted the Q1 Business Review Conference of Regional Heads on August 01, 2014 at Mangalore. It directed all bank staff to reach out to the vast population and acquire new clients to expand the business. The bank laid its emphasis for understanding customer profile for catering the required banking facilities by extending courteous services.

      The bank’s net profit for first quarter ended June 30, 2014 rose by 29.16% at Rs 121.63 crore as compared to Rs 94.17 crore for the quarter ended June 30, 2013. Its total income has increased by 4.19% to Rs 1254.24 crore for the quarter under review from Rs 1203.80 crore for the corresponding quarter of the previous year.

      The bank’s gross NPA for the April-June quarter of the current fiscal stood at 3.43%, as compared to 3.22% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.37% in Q1FY15.

      The institutions and non-institutions held 30.41% and 69.59% stake in the bank, respectively.

      The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.75 on 26-May-2014 and a 52 week low of Rs. 69.10 on 06-Aug-2013.

      Last one week high and low of the scrip stood at Rs. 130.55 and Rs. 125.20 respectively. The current market cap of the company is Rs. 2421.18 crore.

      The scrip opened at Rs. 128.30 and has touched a high and low of Rs. 128.60 and Rs. 127.50 respectively. So far 49873 shares were traded on the counter.

      Karnataka Bank is currently trade in  Rs. 127.75, up by 0.90 points or 0.71% from its previous closing of Rs. 126.85 on the BSE.