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
 ( Results - Analysis 14-May-24   08:29 )
  Karur Vysya Bank
 ( Analyst Meet / AGM - Conference Call 17-May-24   17:28 )
  Karur Vysya Bank appoints Head Retail Liabilities
 ( Corporate News - 02-Jul-24   09:33 )
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 ( Corporate News - 07-Mar-24   09:10 )
  Karur Vysya Bank to open two new branches
 ( Corporate News - 22-Sep-23   09:10 )
  Karur Vysya Bank total deposits jumps 14% YoY in Q1
 ( Hot Pursuit - 04-Jul-23   11:43 )
  Karur Vysya Bank announces cessation of senior management
 ( Corporate News - 15-May-24   09:28 )
  RBI imposes Rs 30 lakh penalty on Karur Vysya Bank
 ( Hot Pursuit - 25-Mar-23   09:35 )
  Karur Vysya Bank revises MCLR
 ( Corporate News - 05-Nov-22   12:26 )
  RBI imposes penalty on Karur Vysya Bank
 ( Corporate News - 25-Mar-23   11:35 )
  Karur Vysya Bank receives affirmation in ratings for CDs
 ( Corporate News - 30-Aug-22   10:29 )
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