Karnataka Bank surges on securing ISO 27001:2005 certification for its IT setup

               Karnataka Bank is currently trading at Rs. 143.20, up by 2.80 points or 1.99% from its previous closing of Rs. 140.40 on the BSE.

              The scrip opened at Rs. 139.50 and has touched a high and low of Rs. 144.00 and Rs. 138.00 respectively. So far 3, 33,000 shares were traded on the counter.

             The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.80 on 11-Dec-2012 and a 52 week low of Rs. 70.80 on 04-Jun-2012.

             Last one week high and low of the scrip stood at Rs. 141.90 and Rs. 125.25 respectively. The current market cap of the company is Rs. 2,697 crore.


            The Institutions and Non-Institutions held 31.43% and 68.57% respectively.

            Karnataka Bank has secured the coveted ‘ISO 27001:2005’ certificate of registration from NQA (National Quality Assurance) for its three I.T. set-ups encompassing the Information Security Management System (ISMS) at its Data Centre, Near line Site (NS) at Bangalore and Information Technology Department including the DR site (IT & DR) at Head Office, Mangalore. NQA is an internationally leading assessment, verification and certification body accredited to the United Kingdom Accreditation Service (UKAS).
           ISO27001: 2005 is a global standard which specifies a well documented Information Security Management System within the context of the organization's overall business risks. It outlines the best practice for ensuring business continuity; minimize business damage by preventing and reducing the impact of security incidents in order to maximize business investments and opportunities. The said certificate is valid for a period of three years.
          Karnataka Bank is an old private sector bank which was set up in 1924. The bank had 527 branches and 409 ATMs spread across 20 states and 2 UTs across the country. Majority of the branch network is in the state of Karnataka.[via]

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