Category: Karur Vysya Bank

Multibagger stocks: Amid stock market hitting record highs on a regular basis, Dalal Street has produced a good number of multibagger stocks in recent years. Among this list of multibagger stocks in 2023, banking stocks dominate the list as both private and PSU bank stocks witnessed sharp upside move throughout the year, which enabled Bank Nifty to hit life-time high before NSE Nifty and BSE Sensex.

Here we list out 5 private bank shares that have delivered multibagger return to its shareholders in…
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Source: https://www.livemint.com/market/stock-market-news/multibagger-stocks-idfc-first-bank-rbl-bank-to-equitas-sfb-these-5-shares-give-up-to-185-return-in-one-year/amp-11688808269083.html

Greater Noida Authority likely to commence e-auction of group housing plots in June

According sources, some A-grade developers such as Godrej, Sobha among others have evinced interest for group housing plots located in Greater Noida sector 12. The allotment rates for these plots range from Rs 36,500 per sqm to Rs 48,300 per sqm but sources say that because of presence of A grade developers and high demand the allotment rates can go upto Rs 1 Lakh per sqm during e-auction.

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Source: https://www.moneycontrol.com/

Target Price: Rs 585Stop Loss: Rs 544The stock has moved above the previous consolidation on the daily chart. Besides, the price has sustained above the critical 21EMA on the daily chart, suggesting a positive trend. The RSI (14) on the daily chart, is in bullish crossover. On the higher end, the stock might move towards Rs 585; while a support is placed at Rs 544.(Rupak De, Senior Technical Analyst, LKP Securities)
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Source: https://economictimes.indiatimes.com/markets/stocks/news/market-trading-guide-bajaj-consumer-care-indian-bank-among-5-stock-recommendations-for-tuesday/buy-karur-vysya-bank-at-rs-196-2/slideshow/109699320.cms?from=mdr

The Karur Vysya Bank Ltd has announced that Marginal Cost of Funds Based Lending Rates (MCLR) of the Bank would be revised with effect from October 07, 2023, as detailed below:Overnight MCLR revised from 8.85% to 8.90%.One Month MCLR revised from 9.00% to 9.05%Three Month MCLR revised from 9.15% to 9.20%Six Month MCLR revised from 9.50% to 9.55%One Year MCLR revised from 9.60% to 9.65%.Shares of Karur Vysya Bank Limited was last trading in BSE at Rs. 132.65 as compared to the previous close of Rs. 133.85. The total number of shares traded during the day was 106998 in over 2515 trades.The stock hit an intraday high of Rs. 135.70 and intraday low of 131.55. The net turnover…
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Source: https://www.equitybulls.com/category.php?id=338631

Chennai, Aug 25 (UNI) Karur Vysya Bank (KVB) on Friday inaugurated ten newbranches – six in Tamil Nadu, two in Andhra Pradesh, one each in Telangana and Karnataka. With this the total branch network of the KVB went up to 822, a KVB releasehere said.With the inauguration of these branches, the ATM network of the bank has increased to 1640 and that of Cash Recyclers to 611.Speaking on the inauguration of the branches, KVB MD and CEO B.Ramesh Babu said the Bank has been opening new branches in order to expand its touch points. During the current financial year we have inaugurated 23 branches (including the ones opened today), he said.UNI GV 2022
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Source: https://uniindia.com/news/business-economy/tn-kvb-new-branches/3038118.html

Brokerage firm Jefferies maintained a buy rating on SBI Cards and Payment Services, JPMorgan downgraded Persistent Systems to underweight, Emkay has a buy rating on Karur Vysya Bank, and ICICIdirect recommends a buy call on PCBL.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Jefferies on SBI Cards and Payment Services: Buy| Target Rs 1100Jefferies maintained a buy rating on SBI Cards and Payment Services with a target price of Rs 1100. “Industry card spending growth remains healthy despite UPI growth,” it said.“Strong spending and card net adds to the outlook. Credit costs are likely to stay elevated in the near term but should…
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Source: https://economictimes.indiatimes.com/markets/stocks/news/hot-stocks-brokerage-view-on-sbi-cards-persistent-systems-karur-vysya-bank-and-pcbl/articleshow/100981665.cms?from=mdr

COIMBATORE: The Karur Vysya Bank (KVB) on Monday announced it has entered into a tie-up with Star Health and Allied Insurance to provide health insurance products to its customers.By the agreement, all the health insurance products of Star Health & Allied Insurance will be made available through all 780 branches of the Tamil Nadu-based bank, KVB President and Chief Operating Officer J Natarajan said in a statement.”Karur Vysya Bank is happy to partner with Star Health & Allied Insurance. We are sure that they will provide both cost effective insurance products and quick settlement of claims to our customers, he said.Star Health and Allied Insurance Managing Director Anand Roy said: The…
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Source: https://www.newindianexpress.com/amp/story/business/2020/Jul/06/karur-vysya-bank-partners-with-star-health-insurance-2166165.html

Chennai: Karur Vysya Bank (KVB) has rolled out a slew of initiatives such as hitting streets, expanding co-lending with fintech and NBFCs, besides partnership in the microfinance segment to increase its customer base, deposits and explore untapped lending in the digital space. The private sector bank has shifted the focus from corporate to commercial exposures in a bid to reduce the risks on bad loans. It has recruited 500 persons in the past three months for the Feet on Street channel, which aims at acquiring new current, savings bank and corporate salary accounts. “We have created a retail liability sales force and absorbing 1,300 people in the next one to one and half years. They…
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Source: https://timesofindia.indiatimes.com/city/chennai/kvb-to-focus-on-rising-deposits-via-new-initiatives/amp_articleshow/101148894.cms

04 Apr 2024
2 Min Read
CW Team

South Indian banks witnessed a significant uptick in advances, marking an impressive rise of 11.4%. Karur Vysya Bank notably reported a remarkable 16% surge in advances, reflecting the…
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Source: https://www.constructionworld.in/policy-updates-and-economic-news/south-indian-banks-advances-surge-by-11.4/53426