RBI allows HDFC AMC to buy stake in DCB, Karur Vysya Bank

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The Reserve Bank of India (RBI) has allowed HDFC Asset Management Company (AMC) to acquire up to 9.5 percent stake each in the DCB Bank and Karur Vysya Bank.
RBI’s approval is valid for one year from the approval date, both the lender said in an exchange filing. The central bank also told HDFC AMC that its shareholding in both the private banks should not exceed 9.5 percent.

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Earlier in June, RBI allowed Tata AMC to buy 7.5 percent stake in the DCB Bank.
So far…
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Source: https://www.moneycontrol.com/news/business/rbi-allows-hdfc-amc-to-buy-stake-in-dcb-karur-vysya-bank-11401061.html/amp

Should you buy the stock?

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The Karur Vysya Bank shares scaled a fresh 52-week high of Rs 152 on October 18 as the stock rallied 7 percent since the lender posted record profit for the September quarter a day before.
Given the bank’s modest core performance, broad-based advances growth, good asset quality, and positive outlook, brokerages remain bullish on the stock.

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Karur Vysya Bank reported a net profit of Rs 378 crore for the quarter ended September 2023, a 51 percent on-year increase….
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Source: https://www.moneycontrol.com/news/business/markets/karur-vysya-bank-hits-52-week-high-on-record-rs-378-cr-profit-should-you-buy-the-stock-11553201.html/amp

KVB opens branch in Nandigama

Vijayawada: 826th branch of Karur Vysya Bank (KVB) was opened at Nandigama of NTR district on Monday. Nandigama RDO A Raveendra inaugurated the new branch and ATM along with Assistant General Manager KVS Prasad, Divisional Operating Officer IV Subramanyam, Branch Head Duddu Pavan Kumar and other bank officials.Assistant General Manager KVS Prasad said that Vijayawada division has 53 branches and this Nandigama branch is 54th one under Vijayawada division. The division did Rs 6,710.52 crore business as on 30 September, 2023. He further said that KVB established in 1916 with Rs 1,00,000 capital and as on 31 March, 2023, the bank has reached capital of Rs 160.41 crore with a net profit of…
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Source: https://www.thehansindia.com/amp/news/cities/vijayawada/kvb-opens-branch-in-nandigama-833669

Karur Vysya Bank share price Today Live Updates : Karur Vysya Bank closed

Karur Vysya Bank Stock Price TodayKarur Vysya Bank Share Price Today : On the last day of trading, Karur Vysya Bank opened at ₹165.55 and closed at ₹165.10. The stock reached a high of ₹168.50 and a low of ₹164.50. The market capitalization of the bank is ₹13,493.2 crore. The 52-week high for the stock is ₹172 and the 52-week low is ₹92.80. The BSE volume for the day was 168,201 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/karur-vysya-bank-share-price-live-blog-for-12-jan-2024-151705027461824

Karur Vysya Bank’s Remarkable Financial Growth

Karur Vysya Bank Records Significant Growth in Financial Metrics

India’s private sector bank, Karur Vysya Bank, has recorded a remarkable growth in its financial metrics for the year, as per the latest business update. The bank’s total deposits have surged by 12.8% year-over-year, indicating a substantial increase in the funds held by the bank in various forms such as savings, current, and fixed deposits from its customers.
Surge in Advances
Alongside the growth in deposits, the bank has also reported a significant rise in its advances, registering an increase of 17.1% year-on-year. Advances, essentially the loans and credits extended by the bank to its customers, signify the…
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Source: https://bnnbreaking.com/finance-nav/karur-vysya-bank-records-significant-growth-in-financial-metrics/

Karur Vysya Bank sees stock surge in trading

12 Jan 2024, 10:37:50 AM ISTKarur Vysya Bank share price update :Karur Vysya Bank trading at ₹168.6, up 0.3% from yesterday’s ₹168.1 The current stock price of Karur Vysya Bank is ₹168.6. It has seen a percent change of 0.3, which indicates a slight increase in value. The net change is 0.5, suggesting a small positive movement in the stock price.
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Source: https://mintgenie.livemint.com/amp/news/markets/karur-vysya-bank-share-price-live-blog-for-12-jan-2024-151705027461824

Karur Vysya Bank share price Today Live Updates : Karur Vysya Bank closed

Karur Vysya Bank Stock Price TodayKarur Vysya Bank Share Price Today : Karur Vysya Bank’s stock opened at ₹164.9 and closed at ₹161.75 on the last day. The stock had a high of ₹165.65 and a low of ₹163.2. The market capitalization of the bank is ₹13,292.29 crore. The 52-week high for the stock is ₹172 and the 52-week low is ₹92.8. On the BSE, a total of 468,161 shares of the bank were traded.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/karur-vysya-bank-share-price-live-blog-for-11-jan-2024-151704941648844

HDFC AMC Gains RBI Approval for Up to 9.5% Stake in Karur Vysya Bank and DCB Bank

HDFC Asset Management Company has received approval from the Reserve Bank of India (RBI) to acquire additional holdings of up to 9.5% in Karur Vysya Bank and DCB Bank.Karur Vysya Bank confirmed the RBI’s approval, specifying that HDFC AMC must ensure its aggregate holding in the bank does not exceed 9.5% of the paid-up share capital. Any reduction of shareholding below 5% will require prior approval from RBI.DCB Bank also received RBI’s approval for HDFC AMC to acquire up to 9.5% of its paid-up share capital or voting rights. HDFC AMC must complete this major shareholding acquisition within one year from the date of approval; otherwise, the RBI’s approval…
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Source: https://www.indiainfoline.com/article-amp/general-others-factiva/hdfc-amc-gains-rbi-approval-for-up-to-stake-in-karur-vysya-bank-and-dcb-bank-1695978554949_1.html

Karur Vysya Bank sees positive trading day

11 Jan 2024, 08:24:13 AM ISTKarur Vysya Bank share price Live :Karur Vysya Bank closed at ₹161.75 on last trading day On the last day of trading for Karur Vysya Bank on the Bombay Stock Exchange, the volume of shares traded was 468,161. The closing price for the day was ₹161.75.
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Source: https://mintgenie.livemint.com/amp/news/markets/karur-vysya-bank-share-price-live-blog-for-11-jan-2024-151704941648844

Karur Vysya Bank share price Today Live Updates : Karur Vysya Bank closed

Karur Vysya Bank Stock Price TodayKarur Vysya Bank Share Price Today : On the last day, Karur Vysya Bank opened at ₹162.65 and closed at ₹163.75. The stock reached a high of ₹166.5 and a low of ₹159.45. The market capitalization of the bank is currently ₹12,998.96 crore. The 52-week high for the stock is ₹172 and the 52-week low is ₹92.8. The BSE volume for the day was 124,752 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/karur-vysya-bank-share-price-live-blog-for-10-jan-2024-151704856080424