KVB profit grows 57% to ₹359 crore in June quarter Times of India
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Category: Karur Vysya Bank
Karur Vysya Bank strengthens presence with four new branches
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Private sector Karur Vysya Bank has strengthened its presence by inaugurating four new branches under its expansion drive, the Tamil Nadu based bank said on Tuesday.
The bank, on July 24, inaugurated a new branch each in Velliyanai in Karur district, Sathuvachari in Vellore and also in Punganur, Chittoor in Andhra Pradesh and Ibrahimpatnam, Rangareddy in Telangana.
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With the inauguration of the four new branches, the total number of branches grew to 812, the Tamil…
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Karur Vysya Bank revises FD interest rates: Senior citizens can earn 7.70% on this tenure
Karur Vysya Bank has revised the interest rates on fixed deposits of less than Rs 2 crore. Following the change, the bank currently offers interest rates ranging from 4.00% to 7.20% on FDs maturing in 7 days to more than 6 years. The new FD interest rates are effective from August 16, 2023. Latest Karur Vysya Bank FD RatesAccording to Karur Vysya Bank, the bank will now offer a 4.00% interest rate on fixed deposits maturing in 7 to 30 days and a 5.25% interest rate on those maturing in 31 to 120 days. Deposits maturing in 121 days to 180 days will now earn 6% interest, while those maturing in 181 days to less than a year will earn 6.25%.Karur Vysya Bank will now offer an interest rate of…
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South Indian Bank Appoints P R Seshadri As MD And CEO
Prior to this, he has held senior management positions at companies such as Karur Vysya Bank Limited and Citigroup
P R Seshadri has been appointed as South Indian Bank’s new managing director and chief executive officer (MD & CEO), beginning 1 October. Murali Ramakrishnan, who served the bank from 1 October 2020 to 30 September, has been replaced by Seshadri.Seshadri, who has approximately 25 years of banking expertise, joined South Indian Bank from Karur Vysya Bank (KVB), where he held a similar position.Seshadri’s background includes both domestic and foreign markets. He has held senior management positions at companies such as Karur Vysya Bank Limited and…
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Karur Vysya Bank to announce co-lending pacts with more NBFCs – BusinessLine
Karur Vysya Bank to announce co-lending pacts with more NBFCs BusinessLine
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Karur Vysya Bank Hikes Base Lending Rate
Karur Vysya Bank on Saturday hiked the base rate and benchmark prime lending rate, the company announced through an exchange filing. The changes will be effective from September 21, 2023.
The base rate has been increased from 11.20 per cent to 11.40 per cent, whereas the benchmark prime lending rate of BPLR of the bank was increased to 16.40 per cent from the earlier 16.20 per cent.Karur Vysya Bank ESOPs
Karur Vysya Bank in July announced the allotment of 1,63,635 equity shares to employees as stock option under KVB ESOS 2011 Scheme & KVB ESOS 2018 Scheme. The face value of the equity shares will be ₹2 each.Karur Vysya Bank shares
The…
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Source: https://www.freepressjournal.in/amp/business/karur-vysya-bank-hikes-base-lending-rate
Karur Vysya Bank Share Price Live blog for 26 Jan 2024 – MintGenie
Karur Vysya Bank Share Price Live blog for 26 Jan 2024 MintGenie
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Results Review for Dalmia Bharat and Karur Vysya Bank
Dalmia Bharat:
We maintain our BUY rating on Dalmia Bharat Ltd B (NS:) with an unchanged TP of INR 2,560/sh (13x its Sep-25E consolidated EBITDA). We continue to like Dalmia for its healthy volume, margin, and comfortable balance sheet outlook. In Q2FY24, Dalmia reported sub-par volume growth (+7% YoY) on market share loss in the east. However, unit EBITDA recovered INR 85/MT QoQ (up INR 300/MT YoY) to INR 955/MT, on cool-off in fuel and freight expenses. We estimate the company to deliver a 15% volume CAGR during FY23-26E, supported by ongoing expansions. We estimate unit EBITDA will rebound to >INR 1,000/MT H2FY24 onwards, benefitting from fuel cost reductions, the rising share of…
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Source: https://in.investing.com/analysis/results-review-for-dalmia-bharat-and-karur-vysya-bank-200600337
Deep Dive Into Understanding Karur Vysya Bank’s Business Transformation Journey: Nirmal Bang – NDTV Profit
Deep Dive Into Understanding Karur Vysya Bank’s Business Transformation Journey: Nirmal Bang NDTV Profit
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Karur Vysya Bank sees bullish trading today
25 Jan 2024, 10:26:01 AM ISTKarur Vysya Bank share price update :Karur Vysya Bank trading at ₹181.75, up 1.06% from yesterday’s ₹179.85 The current stock price of Karur Vysya Bank is ₹181.75. There has been a percent change of 1.06, indicating a slight increase in the stock price. The net change is 1.9, suggesting that the stock price has increased by 1.9 points.
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