The stock moved higher by 4.4% to Rs 72.40 on the BSE after a nearly 1% equity changed hands via bulk deals on the BSE and NSE.
Five ATMs of the bank have been re-calibrated to dispense the larger denomination notes
The stock rallied 8% to Rs 81.20 after the bank reported 25% YoY growth in profit at Rs 201 crore in Q2FY17.
To Rs 167.3 crore in the April-June quarter aided by higher other income growth
Total earnings of the bank increased to Rs 2,250.8 crore for the quarter under review, as against Rs 2,107.09 crore a year before
The bank decided not to undertake any strategic debt restructuring or refinancing under the 5/25 scheme
It posted a 96% decline in net profit to Rs 10 crore for the fourth quarter ended March 31, owing to higher provisioning
For the full financial year, profit sharply declined to Rs 486.42 cr, from Rs 1057.81 cr in 2014-15 financial year
South India-based bank looks to cash in on rivals cleaning up their balance sheets