The RBI imposed Rs 30 lakhs penalty on Karur Vysya Bank.
Emkay Global Financial is bullish on Karur Vysya Bank has recommended buy rating on the stock with a target price of Rs 155 in its research report dated January 23, 2023.
Anand Rathi is bullish on Karur Vysya Bank has recommended buy rating on the stock with a target price of Rs 135 in its research report dated January 23, 2023.
With a granular deposit base and robust growth in advances, Karur Vysya Bank’s earnings trajectory is set to gain further traction
Bulls may continue to play safe ahead of the Budget, global cues are not supportive. Moneycontrol's Santosh Nair decodes the global and domestic cues impacting the Indian markets. TVS Motor, Maruti, Karur Vysya Bank are few stocks on the radar.
Total income increased to Rs 2,013 crore in the quarter from Rs 1,600 crore in the year-ago period
Rainbow Children's Medicare shares sold by British International Investment were worth Rs 1,078.48 crore. The stock corrected nearly 2 percent on December 5.
Karur Vysya Bank shares rallied 6 percent to Rs 104, the highest closing level since February 12, 2018 and formed strong bullish candle on the daily charts with healthy volumes.
Anand Rathi is bullish on Karur Vysya Bank has recommended buy rating on the stock with a target price of Rs 115 in its research report dated October 21, 2022.
The first term of Mohan was completed on October 11, 2022.
Emkay Global Financial is bullish on Karur Vysya Bank has recommended buy rating on the stock with a target price of Rs 95 in its research report dated October 03, 2022.
Post a stellar Q1 FY23, the stock rallied by over 25 percent. Can it build the momentum?
Emkay Global Financial is bullish on Karur Vysya Bank has recommended buy rating on the stock with a target price of Rs 78 in its research report dated July 26, 2022.
In May, the bank had recommended Hemchandra's candidature for the position of non-executive independent (part-time) chairperson of the bank to the RBI for approval.
A banker with more than 35 years of experience, Hemchandra has served the RBI in various capacities
Emkay Global Financial is bullish on Karur Vysya Bank has recommended buy rating on the stock with a target price of Rs 72 in its research report dated May 23, 2022.
The private sector bank parked aside a higher amount of Rs 140.12 crore towards provisioning for bad loans and contingencies for the March 2022 quarter against Rs 24.06 crore put aside for the year-ago quarter.
During the July to February period, Karur Vysya Bank reported the biggest decline in ticket sizes at a negative 46.2 percent, followed by City Union Bank (-20.7 percent), IDFC Bank (-16.4 percent), and Indian Bank (-15.25 percent).
The bank had registered a net profit of Rs 35 crore in same quarter of the previous year.
Ramshankar would replace the current CFO, M D Ramesh Murthy, who has resigned from his role and would be relieved following the conclusion of his notice period, the bank said.
The lender will cut its base rate by 0.25 per cent to 7.75 per cent. It will also revise downwards the benchmark prime lending rate (BPLR) by a similar margin to 12.75 per cent.
The RBI has allowed the three banks to collect direct taxes on behalf of the Central Board of Direct Taxes and indirect taxes on behalf of the Central Board of Indirect Taxes and Customs
The share touched a 52-week high of Rs 64.50 and a 52-week low of Rs 29.35 on 12 March, 2021 and 13 October, 2020, respectively.