Karnataka Bank trades in fine fettle in late morning deals

The Karnataka Bank is currently trading at Rs. 124.25, up by 1.95 points or 1.59% from its previous closing of Rs. 122.30 on the BSE. The scrip opened at Rs. 123.30 and has touched a high and low of Rs. 126.60 and Rs. 123.05 respectively. So far 478465 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.90 on 13-May-2013 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. 124.50 and Rs. 117.05 respectively. The current market cap of the company is Rs. 2346.68 crore. The Institutions holding in the company stood at 28.74 % while Non-Institutions held 71.26 % of the stake. Karnataka Bank has unveiled ‘missed call banking’ facility to its customers. The customer will get his/her account balance and mini statement through SMS on the mobile phone after giving a missed call to a dedicated number. The bank customers can give a missed call from their registered mobile number to 18004251445 for balance enquiry, and to 18004251446 for getting mini statement. Karnataka Bank reported 33.25% rise in its net profit at Rs 106.70 crore for third quarter ended December 31, 2013 as compared to Rs 80.07 crore for the same quarter in the previous year. Total income of the bank increased by 10.94% at Rs 1165.54 crore for quarter under review as compared to Rs 1050.58 crore for the quarter ended December 31, 2012.