Karur Vysya Bank zooms on integrating with income tax portal of CBDT for direct tax collection
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Karur Vysya Bank is currently trading at Rs. 80.20, up by 2.30 points or 2.95% from its previous closing of Rs. 77.90 on the BSE.
The scrip opened at Rs. 78.95 and has touched a high and low of Rs. 80.40 and Rs. 77.70 respectively. So far 456420 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.90 on 16-Sep-2022 and a 52 week low of Rs. 41.75 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 82.50 and Rs. 76.35 respectively. The current market cap of the company is Rs. 6411.51 crore.
The promoters holding in the company stood at 2.28%, while Institutions and Non-Institutions held 38.18% and 59.54% respectively.
Karur Vysya Bank has integrated with income tax (IT) portal of Central Board of Direct Taxes (CBDT) for collection of Direct Taxes. Accordingly, customers of the bank can remit their direct tax payments through the branches of the bank or through KVB Net Banking, effective from October 1, 2022.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
