Karnataka Bank raises Deposit Interest Rates

Karnataka Bank has increased interest rates on its Domestic and NRE Rupee term deposits for amount ranging from Rs. 2 crore & up to Rs. 10 crore as follows:

10 BPS increase for 1 to 2 years period deposits and 20 BPS increase for above 2 years to 5 years deposits. Accordingly, the rate of interest for 1-2 years deposits will be 5.35% p.a. and above 2 years to 5 years and above 5 years to 10 years the rate will be 5.60% p.a. & 5.70% p.a. respectively for amount ranging from Rs. 2 crore & up to Rs. 10 crore. The above rates are effective from 10th June, 2022.

Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 66.55 as compared to the previous close of Rs. 65.60. The total number of shares traded during the day was 325662 in over 2109 trades.

The stock hit an intraday high of Rs. 67.55 and intraday low of 65.05. The net turnover during the day was Rs. 21695093.00.

Source : Equity Bulls

Keywords

TheKarnatakaBank INE614B01018 KTKBANK DepositInterestRates Revision