Karur Vysya Bank will hold a meeting of the Board of Directors of the Company on 17 October 2024Powered by Capital Market - Live

The headline equity benchmarks traded in sideways in early-afternoon trade. The Nifty traded near the 25,800 mark. Realty shares witnessed selling pressure for the three consecutive trading sessions. At 12:25 IST, the barometer index, the S&P BSE Sensex, advanced 14.11 points or 0.02% to 84,313.89. The Nifty 50 index fell 8.60 points or 0.03% to 25,802.25. In the broader market, the S&P BSE Mid-Cap index gained 0.02% and the S&P BSE Small-Cap index increased 0.42%. The market breadth was strong. On the BSE, 2,307 shares rose and 1,514 shares fell. A total of 136 shares were unchanged. Economy: India's fiscal deficit remained under control during April-August, reaching 27% of the full-year target. This containment was attributed to muted spending in the early months of the fiscal year. The government's spending has been lower due to general elections. In comparison, the deficit stood at a higher 36% during the same period in FY24. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in August to 56.5 in September, highlighting a robust improvement in the health of the sector that was nonetheless the weakest since January. As a result of rising purchasing prices, as well as greater labour costs and favourable demand conditions, Indian manufacturers lifted their charges in September. The combination of job creation and slower increases in new business meant that companies were able to stay on top of their workloads. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 4.73% to 12.18. The Nifty 31 October 2024 futures were trading at 26,007.55, at a discount of 205 points as compared with the spot at 25,802.25. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 102.5 lakh contracts at the 26,000 strike price. Maximum Put OI of 60.7 lakh contracts were seen at 25,800 strike price. Buzzing Index: The Nifty realty index slipped 0.59% to 1,092.50. The index declined 3.43% in three consecutive trading sessions. Phoenix Mills down 3.16%), Prestige Estates Projects (down 2.34%), Sobha (down 2.08%), Oberoi Realty (down 0.96%), Raymond (down 0.62%), Mahindra Lifespace Developers (down 0.18%) declined. Stocks in Spotlight : Karur Vysya Bank shed 0.65%. The company has reported a total business of Rs 1,76,135 crore for the three months ended on 30 September 2024, up by 14.73% from Rs 1,53,516 crore recorded in the same period last year. Tata Power Co. rose 0.27%. The company said that it has signed memorandum of understanding (MoU) with the Rajasthan government for an investment plan of approximately Rs 1.2 lakh crore in power distribution, transmission, and renewable.Powered by Capital Market - Live

While the bank's advances increased by 13.98% to Rs 80,296 crore, deposits rose by 15.37% to Rs 95,839 crore in the September'2024 quarter as compared with the September 2023 quarter. CASA ratio as on 30 September 2024 was 29.46% as against 32.26% as on 30 September 2023. Karur Vysya Bank is private sector bank headquartered in Karur, Tamil Nadu. It has a network of 824 branches, primarily in south India, and 2,244 ATMs and cash recyclers as on 30 September 2023. It provides both commercial and consumer banking services. The bank had reported a net profit of Rs 459 crore (up 1% YoY) and a total income of Rs 1,412 crore (down 13% YoY) in Q1 FY25. The scrip shed 0.54% to currently trade at Rs 213.50 on the BSE. Powered by Capital Market - Live

Karur Vysya Bank has received reaffirmation in credit rating for certificate of deposits programme of Rs 5,000 crore at CRISIL A1+. Powered by Capital Market - Live

 Karur Vysya Bank has revised its Base Rate and Benchmark Prime Lending Rate (BPLR) with effect from 09 September 202 as below:  Nature of ROI Existing   Revised   Base Rate 12.20%  11.80%    BPLR 17.20%  16.80%  Powered by Capital Market - Live

Karur Vysya Bank has allotted 17,322 equity shares under ESOS on 19 August 2024. Powered by Capital Market - Live

Karur Vysya Bank is revising its External Benchmark Rate - Repo linked (EBR-R) of the Bank to 9.90% from 10.05% with effect from 19 August 2024. Powered by Capital Market - Live

Karur Vysya Bank has revised the Marginal Cost of Funds Based Lending Rates (MCLR) of the Bank with effect from 07 August 2024 as under- a. Six Month MCLR - 9.90% (existing 10.00%) b. One Year MCLR - 10.00% (existing 10.10%) Powered by Capital Market - Live

Karur Vysya Bank has received reaffirmation in credit rating for certificate of deposits programme of Rs 3,000 crore at CRISIL A1+. Powered by Capital Market - Live

Karur Vysya Bank announced that the 105th Annual General Meeting (AGM) of the bank will be held on 14 August 2024.Powered by Capital Market - Live