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Karnataka Bank to Open 26 Ultra Small Branches by March 2013

Posted On: 2013-03-18 21:32:56

Karnataka Bank Ltd has planned to open 26 Ultra Small Branches at allocated GPs (Grama Panchayaths) spread across India. The bank has so far opened 18 branches and 8 more USBs are proposed to be opened by March 31, 2013.

The bank has plans to open 94 USBs during FY 2013-14, thus taking the total number to 120 by March 2014. The bank is also opening an FLCC (Financial Literacy and Credit Counselling Centre) at Kundagol of Dharwad District for the exclusive benefit of rural India.

The Karnataka Bank Ltd stock was trading at Rs.142.60, up by Rs.0.20 or 0.14%. The stock hit an intraday high of Rs.143.85 and low of Rs.142.50.

The total traded quantity was 0.62 lakhs compared to 2 week average of 9.42 lakhs.

Source: Equity Bulls

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