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Latest Karur Vysya Bank News

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Karur Vysya Bank (KVB) stock has outperformed BSE Bankex despite sector pressures. KVB has strong retail and commercial loan growth, low loan-deposit ratio, and high liquidity coverage ratio. Analysts have raised one-year price targets by over 8%.
The Economic Times

The Economic Times

Expanding network, strong balance sheet augur well for Karur Vysya Bank

Karur Vysya Bank (KVB) stock has outperformed BSE Bankex despite sector pressures. KVB has strong retail and commercial loan growth, low loan-deposit ratio, and high liquidity coverage ratio. Analysts have raised one-year price targets by over 8%.

Thu, Sep 19, 2024

RBI increased policy repo rate hike by a cumulative 250 bps since May 2022, while the weighted average lending rates on fresh and outstanding rupee loans of scheduled commercial banks have increased by 181 bps and 119 bps respectively. Karur Vysya's net interest margin for the June quarter stood at 4.13%, down 6 bps as compared to what it was in the year-ago period. The bank earned a net profit of Rs 459 crore for the first quarter of the current fiscal, reflecting a 28% year-on-year rise.
The Economic Times

The Economic Times

Karur Vysya Bank announces lowering of lending rates

RBI increased policy repo rate hike by a cumulative 250 bps since May 2022, while the weighted average lending rates on fresh and outstanding rupee loans of scheduled commercial banks have increased by 181 bps and 119 bps respectively. Karur Vysya's net interest margin for the June quarter stood at 4.13%, down 6 bps as compared to what it was in the year-ago period. The bank earned a net profit of Rs 459 crore for the first quarter of the current fiscal, reflecting a 28% year-on-year rise.

Fri, Aug 16, 2024