STOCK MARKET Karnataka Bank

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STOCK MARKET Karnataka Bank

CMP : Rs. 120.10 | Stop Loss: Rs. 107 | Target : Rs. 154 | Returns(%) : 20.2
Incorporated in 1924, Karnataka Bank (KTK) is one of the oldest private sector banks. It offers wide variety of corporate and retail banking products and services to around 8 million customers. It forayed into General Insurance business as a JV partner in Universal Sompo General Insurance.
KTK has a business turnover of Rs 93,222cr from 2,075 service outlets with 738 branches, 3 Extension Counters and 1,334 ATMs in 486 centres across India as on Dec 31, 2016. It has the strongest presence in South India with 577 branches of which ~79% is in Karnataka state.

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