Under the agreement, HCIN and KVB will disburse loans in a single amount to customers
Karur Vysya Bank registered net profits at Rs 756.5 million during the corresponding quarter of previous year
The firm would, he said, be raising Tier-I or Tier-II capital of Rs 12 billion to fund the growth
Provisions other than tax for the quarter was Rs 4.22 billion
Gross NPA increased sharply to 6.56 per cent as on March 31, 2018, as against Rs 3.58 per cent reported a year ago
The total income grew 4.72% to Rs 1,620.38 crore
Candidates have to apply online before June 19, 2017
Karur-based private lender Karur Vysya Bank is expecting the business to grow better compared to the previous year during the fiscal year, as the market is improving this year, said senior management official. The company is raising around Rs 760 crore through rights issue to support the expected growth."If the economy picks up, which we are seeing and we are also expecting it to go up, naturally that will have an impact, we thought we will raise the capital now," said K Venkataraman, managing director and chief executive officer of the Bank.In the past couple of years the growth was slow, so the capital adequacy ratio was comfortable. The regulatory requirement will also be going up in the next couple of years and the Bank need to have capital so that it can fund its growth. It is expecting the total business to improve at least by 12-15 per cent during the current fiscal year.The Bank has seen the consumption picking up last year, which was the subdued by the demonetisation for ...
Bank's operating profits increased by 55.30 per cent to Rs 507 cr
The bank's total income rose to Rs 1,547.31 crore, from Rs 1,518.50 crore in the corresponding period last year
As on June 30, 2016 Gross NPA decreased to 1.79 per cent from 1.91 per cent
Net interest income increased by 18.94%
City Union and Karur Vysya among preferred picks; valuation gap with larger peers seen narrowing