Karnataka Bank raises Deposit Interest Rates

Karnataka Bank has increased interest rates on its Domestic and NRE Rupee term deposits (1 to 2 years term) by 15 basis points to 5.25% p.a. from 5.10% p.a. [for deposits upto Rs.10 crores]. The above rate is effective from 21-05-2022.

Speaking on the occasion, Shri. Mahabaleshwara M S, the Managing Director & CEO of the Bank said "This upward revision in the Deposit interest rate is in line with the market trend and is expected to encourage the public to invest more in our Bank's various Term Deposit Schemes."

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 60.95 as compared to the previous close of Rs. 60.50. The total number of shares traded during the day was 35863 in over 464 trades.

The stock hit an intraday high of Rs. 61.90 and intraday low of 60.75. The net turnover during the day was Rs. 2194016.00.

Source : Equity Bulls

Keywords

TheKarnatakaBank INE614B01018 KTKBANK InterestRate Increase Domestic NRE RupeeTermDeposits