Karur Vysya bank surges ~3% as total business hits Rs1,25,000 crore milestone

5 Apr 2022 , 01:53 PM

In its press release today, Karur Vysya Bank Limited informed that the bank has crossed the milestone business figure of Rs1,25,000 crore.Total business constitutes the total deposits and advances of the Bank. While the total deposits of the bank stood at Rs68,676 crore as of March 31, 2022, the total advances at Rs58,086 crore, aggregating a total business of Rs126,762 crore.

Mr. Ramesh Babu, Managing Director & CEO of the Bank said, “This is a significant landmark in the 100 plus years history of the bank. We are thankful to all our customers, many of whom are second and third-generation customers of our bank, for their trust and support. The employees of the bank have worked over the years to ensure sustained quality of customer service. Our approach is to offer our customers, need-specific, financial products/services by providing tailor-made solutions and a positive customer experience through the delivery of quick and efficient services.”

Karur Vysya Bank was started in the year 1916 and today has a gamut of financial services, all under one roof, and serves millions of customers across India. The bank innovates consistently to deliver value to its customers.

Karur Vysya Bank is currently trading at Rs49.90 up by Rs1.35 or 2.78% from its previous closing of Rs48.55 on the BSE. The scrip has touched intraday high and low of Rs50.30 and Rs48.40 respectively.