Karur Vysya Bank is currently trading at Rs 369.90, up by 0.60 points or 0.16% from its previous closing of Rs 369.30 on the BSE.
The scrip opened at Rs 366.75 and has touched a high and low of Rs 371.00 and Rs 366.15 respectively. So far 3354 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 479.15 on 15-Jul-2011 and a 52 week low of Rs 346.00 on 19-Aug-2011.
Last one week high and low of the scrip stood at Rs 393.75 and Rs 365.05 respectively. The current market cap of the company is Rs 3959.67 crore.
The promoters holding in the company stood at 3.27% while Institutions and Non-Institutions held 27.72% and 69.01% respectively.
Karur Vysya Bank is going to inaugurate four new branches. The bank will open its 419th and 420th branch at Tanuku and Vizianagaram in Andhra Pradesh while the bank will inaugurate its 421st branch at Ernakulam in Kerala and 422nd branch at Coimbatore in Tamil Nadu. All these branches are likely to open on December 15, 2011.
Karur Vysya Bank is among 6 old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
The bank’s net profit for the second quarter of the current fiscal has rose 10.44% at Rs 113.31 crore as compared to Rs 102.60 crore for the corresponding quarter of the last year. The bank’s total income has surged 41.96% at Rs 846.76 crore for the quarter under review as compared to Rs 596.52 crore for the second quarter of the previous year.
The banks’ gross NPA stood at 1.48% for the quarter ended September 30, 2011 as compared to 1.55% in the quarter ended September 30, 2010. Its net NPA also rose at 0.29% in Q2FY12 as compared to 0.16% in Q2FY11. Further, the bank’s Return on Assets (ROA) has declined to 1.49% for the quarter from 1.73% in the similar quarter of the last year.
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