Hot Pursuit     21-Sep-23
Karur Vysya Bank gains as HDFC AMC gets RBI nod to buy 9.5% stake
Karur Vysya Bank rose 1% to Rs 135.05 after HDFC Asset Management Company secured the Reserve Bank of India's approval to acquire upto 9.5% of the paid-up share capital or voting rights of the bank.
This approval is subject to compliance with relevant banking regulations, guidelines, and statutes. HDFC Asset Management Company is required to ensure that its total holdings in Karur Vysya Bank do not exceed 9.5% at all times. If the holdings fall below 5%, prior approval from RBI will be needed to increase it to 5% or more.

Karur Vysya Bank is a Scheduled Commercial Bank, headquartered in Karur in Tamil Nadu, India. Its net profit jumped 56.8% to Rs 358.63 crore on 32.5% rise in total income to Rs 2216.07 crore in Q1 FY24 over Q4 FY23.

Previous News
  Karur Vysya Bank standalone net profit rises 35.01% in the March 2024 quarter
 ( Results - Announcements 13-May-24   14:01 )
  Karur Vysya Bank
 ( Results - Analysis 18-Jul-23   08:13 )
  HDFC Life Insurance join-hands with Karur Vysya Bank for bancassurance partnership
 ( Insurance - 19-Dec-23   11:15 )
  Karur Vysya Bank gains after advances climbs 17% YoY in Dec'23
 ( Hot Pursuit - 01-Jan-24   12:27 )
  Karur Vysya Bank expands its network to 834 branches
 ( Corporate News - 30-Jan-24   10:50 )
  Karur Vysya Bank standalone net profit rises 58.25% in the March 2023 quarter
 ( Results - Announcements 15-May-23   14:31 )
  Karur Vysya Bank receives affirmation in credit rating for CDs
 ( Corporate News - 13-May-23   11:49 )
  Karur Vysya Bank increases MCLRs by 10 bps across tenors
 ( Corporate News - 06-Apr-24   13:28 )
  RBI imposes Rs 30 lakh penalty on Karur Vysya Bank
 ( Hot Pursuit - 25-Mar-23   09:35 )
  Karur Vysya Bank revises its External Benchmark Rate- Repo Linked
 ( Corporate News - 01-Oct-22   14:30 )
  Karur Vysya Bank
 ( Analyst Meet / AGM - Conference Call 26-Jul-22   19:41 )
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