Karur Vysya Bank jumps on recording 16% growth in advances in Q4FY24
Karur Vysya Bank is currently trading at Rs. 189.05, up by 3.35 points or 1.80% from its previous closing of Rs. 185.70 on the BSE.
The scrip opened at Rs. 188.15 and has touched a high and low of Rs. 189.85 and Rs. 184.65 respectively. So far 51742 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 204.85 on 02-Feb-2024 and a 52 week low of Rs. 93.00 on 21-Apr-2023.
Last one week high and low of the scrip stood at Rs. 189.85 and Rs. 181.70 respectively. The current market cap of the company is Rs. 15196.47 crore.
The promoters holding in the company stood at 2.22%, while Institutions and Non-Institutions held 50.77% and 47.02% respectively.
Karur Vysya Bank’s advances stood at Rs 74,460 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 16.04% rise in year-on-year (YoY) terms against Rs 64,168 crore as of March 31, 2023. Total deposits grew 16.28% to Rs 89,113 crore (provisional) as of March 31, 2024, as compared to Rs 76,638 crore as of March 31, 2023.
CASA stood at Rs 27,085 crore (provisional) as of March 31, 2024, posting a 6.43% rise in year-on-year terms against Rs 25,449 crore as of March 31, 2023. Total Business stood at Rs 1,63,573 crore (provisional) as of March 31, 2024, posting a 16.17% rise in year-on-year terms against Rs 1,40,806 crore as of March 31, 2023.
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.
