Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai
Karur Vysya Bank (KVB), a private sector lender has launched a share sale to raise up to Rs 1000 crpre from institutions investors. The floor price for the sale is Rs 461.70 per share.
Recently, the bank opened a new branch at Vizg-Seethammadhara in Andhra Pradesh. With this, the bank's branch network has grown to 593.
The promoters holding in the company stood at 2.51% while Institutions and Non-Institutions held 37.53% and 59.97% respectively.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 509.90 on 7-Jul-2014 and a 52 week low of Rs 297.65 on 4-Sep-2013.
The stock is currently trading at Rs 478.65, up by 8.95 points from its previous closing of Rs 469.70 on the BSE.
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