Page 3 - Karur Vysya Bank
Karur Vysya Bank re-appoints KG Mohan as board member for 3 yrs
Karur Vysya Bank (KVB) on Thursday said it has re-appointed non-executive independent director KG Mohan for three years on its board. The first term of Mohan was completed on October 11, 2022. He was re-appointed by the board in its meeting on September 22, 2022, for the second term of three years with effect from October 12, 2022, as an additional director under the independent category, the bank said in a regulatory filing. Mohan's re-appointment is subject to the bank's shareholders' approval. Shares of KVB were trading at Rs 82.50 apiece on BSE, down by 0.18 per cent from the previous close.
 "Karur Vysya Bank re-appoints KG Mohan as board member for 3 yrs")
Banks alert customers about mobile banking malware targeting over 200 apps
This malware captures the credentials when users log into their net-banking apps and access bank accounts
 "Banks alert customers about mobile banking malware targeting over 200 apps")
RBL, IDBI Bank surge up to 10%; Karur Vysya, Federal Bank hit 52-week highs
Union Bank of India, Bank of India, Canara Bank, Punjab National Bank, Indian Overseas Bank, Uco Bank, Central Bank of India, and Bank of Baroda from the PSUpack were up 2-5%
 "RBL, IDBI Bank surge up to 10%; Karur Vysya, Federal Bank hit 52-week highs")
Karur Vysya Bank's intention is to grow granular: MD & CEO R Ramesh Babu
'Commercial is the next big segment, and also retail. Retail is 23-24 per cent of the portfolio, out of which 50 per cent is home loan and loan against property'
 "Karur Vysya Bank's intention is to grow granular: MD & CEO R Ramesh Babu")
This pvt sector bank from Jhunjhunwala's portfolio has surged 43% in 1 mth
Karur Vysya Bank gained 4 per cent to Rs 63.35 in intra-day trade on Friday to hit its highest level since December 2019
 "This pvt sector bank from Jhunjhunwala's portfolio has surged 43% in 1 mth")
Karur Vysya Bank Q1 net doubles to Rs 229 cr, interest income up 17%
Operating profit for up 15% YoY, major improvement seen in bad loans
RBI approves Meena Hemchandra as part-time chairman of Karur Vysya Bank
Private sector lender Karur Vysya Bank on Tuesday said the Reserve Bank of India (RBI) has approved the appointment of former RBI executive Meena Hemchandra as part-time chairman of the bank
Canara Bank, Karur Vysya raise lending rates ahead of RBI's MPC review
State-owned Canara Bank has raised the marginal cost of funds based lending rate (MCLR) by 0.05 per cent of 5 basis points to 7.40 per cent for one year tenure
 "Canara Bank, Karur Vysya raise lending rates ahead of RBI's MPC review")
Karur Vysya Bank posts 105% rise in net profit to Rs 213 crore in Q4
The bank is expecting a 12 per cent growth on advances and 15 per cent on the CASA front during the current financial year.
 "Karur Vysya Bank posts 105% rise in net profit to Rs 213 crore in Q4")
Karur Vysya Bank's total business crosses Rs 1.25 trn
While the total deposits of the bank stood at Rs 68,676 cr as on March 31, the total advances was at Rs 58,086 cr, aggregating a total business of Rs 1.26 trn
Karur Vysya Bank Q3 net up four-fold to Rs 185 crore on flattish revenue
Net interest income up 18% to Rs 687 cr; gross NPAs down to 6.97% from 7.37% in the year-ago quarter
Karur Vysya Bank Q3 net profit jumps multi-fold to Rs 185 cr
The bank had registered a net profit of Rs 35 crore in same quarter of the previous year. Sequentially, the profit was up from Rs 165.45 crore in the September 2021 quarter
 "Karur Vysya Bank Q3 net profit jumps multi-fold to Rs 185 cr")
Karur Vysya Bank to cut base rate, benchmark prime lending rate
Private sector lender Karur Vysya Bank Thursday said it will slash its base rate and benchmark prime lending rate to 7.75 per cent and 12.75 per cent, respectively, with effect from December 15, 2021.
Repayments not an issue, things are back to normal: Karur Vysya Bank CEO
In a Q&A, B Ramesh Babu dwells on the recovery from Covid, implementation of government schemes and the roadmap for the future
 "Repayments not an issue, things are back to normal: Karur Vysya Bank CEO")
Karur Vysya Bank reports 44% jump in net profit to Rs 165 crore in Q2
The south-based lender had posted a net profit of Rs 115 crore in the same quarter a year ago.
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.
