P Jayarama Bhat, Managing Director and Chief Executive Officer of Karnataka Bank said that the bank is focused on taking its digital banking initiatives further. The concept has led Karnataka Bank share price rise meagerly.
Speaking at a conference, he said that digital banking is the solution to successful banking. The Unified Payment Interface, which the bank is about to launch, will support customer acquisition and customer retention activities.
He also said that the bank is focusing on quality credit, top-class customer service, proactive digital banking initiatives, best employee practices, the highest standard of corporate governance and is poised to come out stronger in the days to come.
Competent recovery measures adopted by the bank are backed by a modest growth in core business areas. That has made it possible for the Bank to post decent financial results during the first quarter of 2016-17, in a scenario of rising NPAs across the banking industry.
Mahabaleshwara MS, Chief General Manager of the Bank, spoke about the bank’s achievements through the first quarter of the present fiscal amidst uncertainties in the global and domestic markets. A press release stated that all the regional heads from across the country, and other senior executives participated in the conference.
Karnataka Bank share price closed at Rs. 149.55 and was last traded at Rs. 149.05 with the rise of almost 2%. The scrip touched the intraday high of Rs. 150.50 and intraday low of Rs. 144. According to Dynamic Levels, Karnataka Bank is one of the top 500 shares for the quarter. The company has strong fundamentals and has not reported any loss in last two-quarters. For more details on the stock, refer to the Karnataka Bank share price history page of Dynamic Levels website. For studying the resistance and forecast levels of the stock visit Karnataka Bank share price forecast page.
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