KVB inches up after clarification on loan exposure

Karur Vysya Bank rose 0.1% to Rs 102.10 at 15:14 IST on BSE after the bank clarified that it has no credit exposure in respect of Gitanjali Gems, its group companies and to any of the group companies of Nirav Modi.

The announcement was made during market hours today, 15 March 2018.

Meanwhile, the S&P BSE Sensex was down 143.48 points or 0.42% at 33,692.26. The S&P BSE Mid-Cap index advanced 0.51%, outperforming the Sensex.

On the BSE, 75,000 shares were traded on the counter so far as against the average daily volumes of 1.57 lakh shares in the past one quarter. The stock had hit a high of Rs 103.40 and a low of Rs 99.40 so far during the day. The stock had hit a record high of Rs 150.20 on 18 September 2017 and a 52-week low of Rs 89.77 on 15 March 2017.

The mid-cap bank has equity capital of Rs 145.33 crore. Face value per share is Rs 2.

Karur Vysya Bank's net profit fell 38.2% to Rs 71.49 crore on 4.2% growth in total income to Rs 1647.17 crore in Q3 December 2017 over Q3 December 2016.

Karur Vysya Bank is a private sector bank.

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