Karur Vysya bank rises on planning to set up more dedicated home loan branches
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Karur Vysya Bank is currently trading at Rs. 123.80, up by 0.65 points or 0.53% from its previous closing of Rs. 123.15 on the BSE.
The scrip opened at Rs. 123.55 and has touched a high and low of Rs. 124.60 and Rs. 122.15 respectively. So far 72796 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 129.85 on 16-Jun-2023 and a 52 week low of Rs. 43.75 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 129.85 and Rs. 114.20 respectively. The current market cap of the company is Rs. 9933.60 crore.
The promoters holding in the company stood at 2.24%, while Institutions and Non-Institutions held 48.71% and 49.04% respectively.
Karur Vysya bank is planning to set up dedicated home loan branches in Chennai, Bengaluru and Mumbai after recording a 25 per cent growth in loan disbursal as of March last financial year. The bank is also planning to open 35 more branches and 500 business correspondents this year.
Earlier, the bank had inaugurated its 800th Branch in Anna Nagar East, Chennai. The Bank also inaugurated its first Digital Banking Unit (DBU) in Nandanam, Chennai. The Bank also inaugurated new branches at 8 other centres; 6 in Tamil Nadu viz., Vilathikulam, Madambakkam, Parangipettai, Pudukottai North, Kachirapalayam, Veeraganur, Gadwal in Telangana and Sattenapalle in Andhra Pradesh.
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.
