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 allots 84,625 equity shares under ESOS
 ( Corporate News - 20-Feb-23   11:16 )
  Karur Vysya Bank allots 56,464 equity shares under ESOS
 ( Corporate News - 18-Nov-23   10:31 )
  Board of Karur Vysya Bank recommends final dividend
 ( Corporate News - 15-May-23   15:12 )
  Karur Vysya Bank to discuss results
 ( Corporate News - 04-Jan-24   16:50 )
  Karur Vysya Bank to declare Quarterly Result
 ( Corporate News - 28-Apr-23   16:50 )
  Karur Vysya Bank receives affirmation in rating on CDs
 ( Corporate News - 07-Oct-23   11:55 )
  Karur Vysya Bank gains after advances climbs 17% YoY in Dec'23
 ( Hot Pursuit - 01-Jan-24   12:27 )
  Karur Vysya Bank gains after Q2 PAT rises 44% YoY to Rs 165 cr
 ( Hot Pursuit - 08-Nov-21   14:28 )
  Karur Vysya Bank revises MCLR
 ( Corporate News - 05-Nov-22   12:26 )
  Karur Vysya Bank revises MCLRs, Base Rate and BPLR
 ( Corporate News - 07-Mar-22   09:33 )
  The Karur Vysya Bank Limited: Ratings reaffirmed; Outlook revised to Positive
 ( Press Releases - 03-Jan-22   10:11 )
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