Karnataka Bank trades higher on plans of targeting business turnover of Rs 78,000 crore in FY14

02 Apr 2013 Evaluate

Karnataka Bank is currently trading at Rs 134.70, up by 0.70 points or 0.52% from its previous closing of Rs 134.00 on the BSE.

The scrip opened at Rs 134.30 and has touched a high and low of Rs 135.25 and Rs 133.15 respectively. So far 106354 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 198.80 on 11-Dec-2012 and a 52 week low of Rs 70.80 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs 135.25 and Rs 124.25 respectively. The current market cap of the company is Rs 2536.11 crore.

The Institutions and Non-Institutions held 25.69 % and 74.31 % respectively.

Karnataka Bank, a premier private sector bank is targeting a business turnover of Rs 78,000 crore comprising of deposits of Rs 45,500 crore and credit of Rs 32,500 crore for the financial year 2013-14. The company while rolling out the business agenda for the new financial year 2013-14 has set an aggressive growth path of over 27%.

During the financial year 2012-13, the bank has made an all round progress by crossing business turnover of Rs 61,300 crore comprising deposits of Rs 36,050 crore and advances of Rs 25,250 crore i.e. y-o-y growth of 14.05% under deposits and robust credit growth of 21.62%. The overall credit-deposit ratio (CD Ratio) stood at 70% and incremental CD Ratio for the year was an impressive 101%.

As on March 31, 2013, the bank has crossed 1,050 service outlets with 550 branches and 504 ATMs located across India. During the year 2012-13 the bank has opened 47 new branches, 1 extension counter and 152 ATMs. The bank has received ISO 27001:2005 certificate for its Information Security Management System (ISMS) implementation under 3 IT set-ups namely, Data Centre (DC), Near line set-up (NLS) and Head Office-IT Department including Disaster Recovery (DR) site.

Karnataka Bank Share Price

217.30 1.95 (0.91%)
05-Nov-2024 11:01 View Price Chart
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