Karnataka Bank witnessed a 1% gain in its shares during early trade on November 21 following the announcement of a strategic collaboration with HDFC Life Insurance for the distribution of life covers. At 9:15 am, the stock was trading at Rs 221.28 on the NSE.
The primary objective behind this partnership is to provide customers with a diverse range of innovative and customer-centric financial solutions, as per the company’s filing with the exchanges on November 20.
Over the last six months, Karnataka Bank stock has delivered an impressive return of 59.27%. In contrast, the benchmark Nifty Bank index posted a return of 1.23% during the same period.
As of 10:19 am, Karnataka Bank shares continued their positive trend, trading 0.25% higher at ₹220.70.
