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Karur Vysya Bank Ltd share Price Today

Company details

197.00
200.00
101.75
209.30
6M Return 25.99%
1Y Return 103.18%
Mkt Cap.(Cr) 15,926.66
Volume 1,491,860
Div Yield 1.21%
OI
-
OI Chg %
-
Volume 1,491,860

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Karur Vysya Bank announced Q3FY24 results:

  • Assets: Karur Vysya Bank's total assets have reached a historical milestone, surpassing Rs 1 trillion.
  • Business Growth: The bank's total business has increased by 14.74% YoY and by 3.15% for the quarter.
  • Deposits Growth: Deposits have seen a rise of 12.82% YoY and 3.12% for the quarter.
  • Loan Book Expansion: The loan book witnessed growth of 17.09% YoY and 3.19% for the quarter.
  • CASA Ratio: Current Account Savings Account (CASA) grew by 4.70% YoY, with the ratio standing at 31.53%.
  • Net Profit: There was a notable increase in net profit by 49.60% YoY.
  • Net Interest Margin (NIM): The NIM improved to 4.20%, up by 9 basis points YoY.
  • Other Income: The bank saw other incomes rise by 35.88% YoY.
  • Return on Assets (ROA) & Return on Equity (ROE): The bank reported an ROA of 1.65% and ROE of 17.20% for the quarter.
  • Asset Quality: Gross Non-Performing Assets (GNPA) stood at 1.58%, and Net Non-Performing Assets (NNPA) at 0.42% with a Provision Coverage Ratio (PCR) of 94.81%.
  • Capital Adequacy: The Capital Adequacy Ratio (CRAR) was at 15.39% with CET 1 ratio of 13.87%.

Mr. Ramesh Babu B, the Managing Director & CEO of Karur Vysya Bank, stated: "We have been able to continue to demonstrate our consistent performance in terms of Growth, Profitability, and Asset Quality for the third quarter ended 31st December 2023. Our total business crossed Rs 1,58,357 crore. The inclusive growth from all the business segments has helped us to reach net profit of Rs 1,149 crore for the nine months and Rs 412 crore for the quarter."

 

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Karur Vysya Bank Ltd shares SWOT Analysis

Strengths (21)

  • MACD Crossover Above Signal Line
  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity

Weakness (0)

Data not found

Opportunity (3)

  • Decrease in NPA in recent results
  • Stock with Low PE (PE < = 10)
  • RSI indicating price strength

Threats (3)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income
  • Increase in Provisions in Recent Results

Resistance and support

R1 198.8
R2 199.9
R3 200.8
Pivot

197.88

S1 196.8
S2 195.9
S3 194.8
EMA SMA
193.6
189.3
181.1
164.3
194.2
188.0
183.0
161.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 180 1143972 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 180 1143972 BSE
SBI MUTUAL FUND Bulk Purchase 2023-12-12 162 7500000 BSE
Name Category Shares
Rekha Jhunjhunwala PUBLIC 4.33%
HUF PUBLIC 1.09%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
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Sales
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Karur Vysya Bank Ltd Stocks COMPARISON

Financials( in Cr) Karur Vysya Bank Ltd HDFC Bank Ltd ICICI Bank Ltd State Bank of India Axis Bank Ltd
Price 198.00 1,464.10 1,130.50 817.85 1,141.35
% Change 0.18 1.78 0.55 -0.30 1.18
Mcap Cr 15,926.66 1,112,263.74 793,875.08 729,899.39 352,285.67
Revenue TTM Cr 6,516.55 170,754.05 121,066.81 350,844.58 87,448.37
Net Profit TTM Cr 1,106.09 46,148.70 34,463.03 56,558.43 10,852.66
PE TTM 9.91 17.38 17.94 10.12 13.38
1 Year Return 103.18 -12.63 19.53 40.55 24.63
ROCE 0.00 0.00 0.00 0.00 0.00
ROE 13.67 17.20 17.66 18.44 8.75
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 8,584.05 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 44,248.95 -31,659.16
LAST 3M 105,886.10 -43,482.14
LAST 6M 173,149.22 48,654.40
LAST 12M 264,707.07 127,969.33
Karur Vysya Bank Limited - Analysts/Institutional Investor Meet/Con. Call Updates

May 18, 2024 l NSE Announcement

Karur Vysya Bank receives affirmation in rating for CD programme

May 18, 2024 l BSE Announcement

Karur Vysya Bank opens 840th branch at Ayodhya

May 17, 2024 l BSE Announcement

Date Action Type Ratio
Aug 07, 2023 Dividend 100
Jul 19, 2022 Dividend 80

Karur Vysya Bank Ltd Information

Stock PE (TTM)
9.91
Promoter Holding
2.2%
Book Value
124.8283
ROE
13.67%
Description
  • Karur Vysya Bank is a privately held Indian bank, headquartered in Karur in Tamil Nadu. The company operates in four business segments: treasury operations, corporate/ wholesale banking operations, retail banking operations and other banking operations. The company`s investments are categorized into three categories, held to maturity, held for trading and available for sale. Karur Vysya Bank was incorporated on June 22, 1916. The Bank commenced their operations on July 1, 1916 in the aftermath of the First World War, with a view to revive agriculture, trade and industry in and around Karur. In January 17, 1927, they opened their first branch at Dindigul. In the year 1952, the Bank became a scheduled bank. In the year 1963, Selvavridhi Bank Ltd was amalgamated with the Bank. Also, in the year 1964, Salem Shri Kannika Parameswari Bank Ltd and Pathinengrama Arya Vysya Bank Ltd, Kombai were amalgamated with the Bank. In the year 1965, Coimbatore Bhagyalakshmi Bank Ltd merged with the Bank. In the year 1980, the Bank got the license to deal in foreign currencies and to transact foreign exchange business. They established International Division for forex operations. In the year 1995, the Bank issued 20,00,000 bonus shares in the ratio of 1:1 which was followed by rights issue in the ratio of 1:2 at a premium of Rs 25 per share during the year 1996. In the year 2003, the company obtained license to act as a Corporate agent for the purpose of procuring or soliciting life insurance business and general insurance business. They made a tie up for bancassurance with Bajaj Allianz General Insurance to hawk their non-life insurance products through their branches. In the year 2004, they completed 100% computerization of branches and offices. In the year 2005, they implemented CBS in all branches. During 2004-05 the Bank introduced 6 new loan products, namely KVB Special Home Loan, IPO Funding Scheme, KVB Kisan Mitra Scheme, Easy Trade Fin Scheme, KVB Happy Kisan Scheme and Gold Card Scheme for Export Constituents of the Bank. Also, they launched a new product; `Cash Passport` which is similar to ATM/ Debit card and this product is offered in pursuance of the agreement entered into with Travelex`, which is engaged in travel related services all over the world. During the year, the Bank entered into an agreement with MITR consortium in which the customer can use the ATMs of Punjab National Bank, Oriental Bank of Commerce, Indian Bank and UTI Bank. Also, the Bank implemented RTGS facility for instant funds transfer across the country in 26 centres. During the year 2005-06, the Bank launched Mobile Top-up facility to re-charge the cell phone of all service providers through the ATM. They opened new branches at Ludhiana, Chandigarh, Trichy-Srirangam, Nerul-Mumbai, Krishnagiri, Noida and Amritsar. In the year 2008, the Bank won the prestigious CFBP Jamnalal Bajaj Award for Fair Business Practices. In the year 2009, the Bank received Banking Technology Excellence Award 2008 for the best use of IT for customer service in Semi Urban and Rural Areas given by the IDRBT. During the year 2008-09, the company opened 23 new branches and upgraded one extension counter into a full-fledged branch. They entered into a tie-up with Religare Securities Ltd for providing trading facility to the Demat customers. Also, they entered into tie-up arrangement with LIC Mutual Fund for distributing their products. During the year 2009-10, the company expanded their network in order to increase the market share. They opened 23 new branches and 54 new ATMs. The Bank received the Gold CIO award in more than Rs 1000 crore category of the Enterprise Connect Awards `09 instituted by CIOL (Cyber Media India Online Ltd). They Received Banking Technology Excellence Award instituted by IDRBT for under the category `Best IT Infrastructure Management` for the year 2009. As of December 31, 2010, the Bank set up 360 branches, 437 ATMs, 7 satellite offices, 13 service centers and 24 administrative offices. They have implemented core-banking solutions across all its branches. The Bank has set up a Disaster Recovery Site (DRS) at Cyber Pearl, Hi-Tech City, Hyderabad. The Bank is ensuring less than 30 minutes old data backup of the Primary Data Centre Databases at this DRS using a Disaster Recovery Automation Solution. During the financial year 2013-14, Bank opened 21 Branches and added 345 ATMs. With this, as at the end of March 31, 2014 the Bank has a total network of 572 branches and 1617 ATMs with PAN India presence. The aggregate customer outlets of the Bank (both Branch net work and ATMs installed) rose to 2189. To facilitate remittance of cash on real time basis to customers` accounts, your Bank has introduced 153 Cash Deposit Machines or Bunch Note Acceptors (BNA). The Bank has 667 branches and 1655 ATMs as on 31 March 2016. The bank had added 38 branches and 10 ATMs during the year to improve its footprint throughout the country including un-banked centres in tune with RBI guidelines. The Board of Directors at its meeting held on 19th September, 2016 considered and approved the sub-division of one equity share of the Bank having face value of Rs 10/- each into five equity shares of face value of Rs 2/- each and consequential alteration in the relevant clauses of Memorandum and Articles of Association of the Bank and the same was approved by the Members of the Bank through postal ballot on October 27, 2016. Board of Directors of the Bank fixed November 18, 2016 as Record Date for the purpose of sub-division of face value of equity shares of the Bank. Accordingly equity shares of face value of Rs 2/- each were issued to all the members who were holding equity shares of Rs 10/- each on November 18, 2016. The Bank has 711 branches and 1747 ATMs as on 31 March 2017. The Bank had added 44 branches and 115 ATMs during the year to improve its footprint throughout the country including un-banked centres in tune with RBI guidelines accounted for technology initiatives. During the fiscal 2017-18, the Bank has successfully raised capital by way of Rights Issue in the ratio of one Rights Share for every six shares held on the record date (i.e., October 13, 2017) along with Employee Reservation Portion of 11,73,17,101 Equity Shares of face value of Rs 2/- each for cash at a price of Rs 76/- per Equity Share (including a premium of Rs 74/- per Equity Share) aggregating to Rs 891.61 Crore. The Rights Issue was over subscribed by 1.53 times, which shows the belief and confidence on the Bank`s business and its future. The Rights Shares allotment was made on 22nd November 2017. During the FY 2017-18, Bank has opened 79 branches including 2 digital branches and 1 extension Counter. The Bank has also opened 6 Corporate Business Units (CBU), 5 Central Loan Processing Cells (CLPC), 3 Asset Recovery Branches (ARB) and a Currency Chest at Hyderabad. The total number of branches as on 31 March 2018 stood at 790. The Bank has 1795 ATMs and 533 BNA Recyclers meant for serving the customers of the Bank as on 31st March 2018, which includes 78 ATMs and 90 BNA Recyclers installed during the year under report.

Registered Address

No 20 Erode Road, Vadivel nagar, Karur, Tamil Nadu, 639002

Tel : 91-4324-269440-43
Email : kvb_sig:kvbmail.com; kvbshares:kvbmail.com
Website : http://www.kvb.co.in
Registrar

SKDC Consultants Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 590003
NSE Code : KARURVYSYA
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE036D01028

FAQ’s on Karur Vysya Bank Ltd Shares

You can buy Karur Vysya Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Karur Vysya Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:55 PM the closing price of Karur Vysya Bank Ltd was Rs.198.00.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:55 PM, the market cap of Karur Vysya Bank Ltd stood at Rs. 15,926.66.

The latest PE ratio of Karur Vysya Bank Ltd as of May 17, 2024 03:55 PM is 9.91

The latest PB ratio of Karur Vysya Bank Ltd as of May 17, 2024 03:55 PM is 0.63

The 52-week high of Karur Vysya Bank Ltd share price is Rs. 209.30 while the 52-week low is Rs. 101.75

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