Trending stocks: Karnataka Bank stock price down 2%

NEW DELHI: Shares of Karnataka Bank traded 2.25 per cent down in Monday 's trade at 10:41AM (IST).

Around 176983 shares changed hands on the counter. The stock opened at Rs 44.5 and touched an intraday high and low of Rs 44.5 and Rs 42.55 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 141.25 and a 52-week low of Rs 38.4 .


Private sector lender Karnataka Bank said it has received RBI nod for reappointment of Mahabaleshwara M S as MD and CEO for next three years.

Financials
Karnataka Bank Ltd., incorporated in the year 1924, is a banking company (having a market cap of Rs 1380.26 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 2777.46 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 2058.04 Crore (.00% of total assets).

Karnataka Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 4698.03 Crore to Sales Value (79.54 % of Total Sales), Income From Investment which contributed Rs 1105.65 Crore to Sales Value (18.72 % of Total Sales) and Interest which contributed Rs 85.65 Crore to Sales Value (1.45 % of Total Sales)for the year ending 31-Mar-2019.

Valuation ratio
It quoted a price-to-earnings ratio of 2.89 and price to book value of 0.21 .