Page 2 - Karur Vysya Bank

RBI authorises Karur Vysya Bank to collect direct taxes on behalf of CBDT

Karur Vysya Bank said it has commenced the integration process with the Central Board of Direct Taxes to collect direct taxes on its behalf, following the approval it received from the Reserve Bank

Karur Vysya Bank cuts base rate, benchmark prime lending rate

Private sector lender Karur Vysya Bank on Thursday said it has cut the base rate and the benchmark prime lending rate to 8 per cent and 13 per cent, respectively, effective Friday.

Karur Vysya Bank Q1 net profit rises marginally to Rs 109 cr

However, the bank's total income during Q1FY22, fell to 6% to Rs 1,596 crore; NII up 14% to Rs 638 cr

Karur Vysya Bank fourth quarter net profit rises 23% to Rs 104 crore

This came on account of good growth in retail loan portfolio as well as gold loan.

Karur Vysya Bank donates Rs 1 cr to TN State Disaster Management Authority

Karur Vysya Bank on Wednesday said it has donated Rs 1 crore to the Tamil Nadu State Disaster Management Authority from its CSR funds to fight the current pandemic.

Karur Vysya Bank Q3 profit up 133% at Rs 35 cr, net NPA down at 2.55%

Net interest margin stands at 3.29% and is almost flat as compared to 3.33% a year ago

Karur Vysya Bank net profit increases 81% to Rs 115 crore in Sept quarter

Private sector Karur Vysya Bank (KVB) on Friday reported an 81.4 per cent jump in its net profit at Rs 114.89 crore in the second quarter of FY 2020-21, helped by lower provisioning for bad loans

Karur Vysya Bank Q2 profit up 81% to Rs 115 cr, NII rises by 0.9%

Bank reports lower bad loans at the gross and net levels

Balancing tradition and new systems key for old, traditional banks: Experts

These banks need to understand their limitations and balance tradition with new age banking systems, they say

PE investors, foreign banks taking majority stakes may rescue old pvt banks

Several of these banks were placed under the Prompt Corrective Action (PCA) framework of additional regulator scrutiny but this does not seem to have stemmed the rot

Karur Vysya Bank's focus areas will be MSME, retail: MD & CEO B Ramesh Babu

'Won't participate in consortium accounts where our share is least as we will have no say', said B Ramesh Babu

Karur Vysya Bank Q1 profit jumps 45% to Rs 105.5 cr as bad loans decline

Asset quality improved, with gross non-performing assets (NPAs) falling to 8.34 per cent of gross advances as on June 30, 2020 from 9.17 per cent a year ago

B Ramesh Babu takes over as MD and CEO of Karur Vysya Bank for three years

Babu comes with 40 years of experience in banking, covering various facets of banking in different geographies in India and abroad at SBI

Karur Vysya Bank joins hands with Maruti Suzuki to offer car loans

The loans are available to both salaried and self-employed customers.

KVB's notice to Saravana Stores' promoter family for default of Rs 162.8 cr

In the notice, the bank has asked the title holder of Saravana Stores Gold, Pallaku Durai, to repay the amount mentioned in the notice

Karur Vysya Bank MD and CEO P R Seshadri resigns citing personal reasons

The Board of Directors of the Bank accepted the resignation on the day and he will be relieved from services on March 31, based on his request

Slowdown in SME sector can hurt mid-sized private banks, be selective

RBL, Federal and City Union appear better-placed to handle the potential SME loans-related woes; investors should be cautious on DCB and Karur Vysya

Banks Board Bureau recommends BoB's Sanjiv Chadha for the post of MD & CEO

The bureau has also suggested the names of L V Prabhakar and Atanu Kumar Das for Canara Bank Bank of India chiefs, respectively

Karur Vysya Bank's Sept quarter PBT declines 55% to Rs 66 cr, NPAs rise

The lender's total income grew 11.2% to Rs 1,815 cr during the quarter, from Rs 1,633 cr a year ago

ICICI Lombard, Karur Vysya Bank tie up for sale of insurance products

The association will provide the bank's customers access to the insurer's portfolio and make insurance more accessible to its customers across India