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Karnataka Bank is currently trading at Rs. 169.00, up by 12.85 points or 8.23% from its previous closing of Rs. 156.15 on the BSE.
The scrip opened at Rs. 156.75 and has touched a high and low of Rs. 171.85 and Rs. 156.45 respectively. So far 25, 03,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 171.85 on 29-Nov-2012 and a 52 week low of Rs. 64.00 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs. 171.85 and Rs. 137.30 respectively. The current market cap of the company is Rs. 3,182 crore.
Institutions and Non-Institutions held 20.78% and 79.22% respectively.
Karnataka Bank has introduced the revised guidelines of Reserve Bank of India on Kisan Credit Card (KCC) scheme, which will help large section of farmers across the country. As per the scheme which is effective from November 15, 2012, farmers can avail working capital loan in the form of overdraft for raising various crops and maintaining their farm equipments and also term loan for meeting their investment credit requirements.
The period of KCC is for 5 years and the farmers have the option to renew the overdraft every year with 10% increase in the limit. The overdraft facility is more useful to the farmers as it is an operative account and they can credit the sale proceeds of various crops to the account and utilize it when required.
The bank has also planned to introduce ATM card enabled transactions to the farmers under Kisan Credit Card scheme as per RBI guidelines, Bank is targeting to disburse Rs 1,000 crore in agriculture sector during 2012-13 and Kisan Credit Card scheme is one of the important channels for disbursing the agriculture credit.
As on date Bank has issued 17,791 Kisan Credit Cards to farmers with aggregate amount of Rs 202.21 crore. All the branches of the Bank are empowered to lend under the KCC scheme
| Company Name | CMP |
|---|---|
| HDFC Bank | 1717.20 |
| ICICI Bank | 1275.50 |
| Axis Bank | 1143.00 |
| Kotak Mahindra Bank | 1729.75 |
| Indusind Bank | 1063.50 |
| View more.. | |
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