Page 4 - Karur Vysya Bank

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

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.

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