Bank stock in focus after inaugurating 4 new branches in Tamil NaduBank stock in focus after inaugurating 4 new branches in Tamil Nadu

Introduction:

Leading bank in South India has expanded its footprint with the opening of four new branches, increasing its network to 870. The new branches will offer a variety of banking services, including accounts, loans, and enhanced mobile banking features for customer convenience.

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Share price movement of Karur Vysya Bank:

On January 28, 2025, Karur Vysya Bank opened at ₹222.15, down 0.46% from its previous close of ₹223.15. The stock reached a high of ₹224.05 and a low of ₹216.80. By 10:40 AM, it traded at ₹220.60, a 1.14% decrease, with a market cap of ₹17,651.04 crore.

KVB Inaugurates Four New Branches in Tamil Nadu:

Karur Vysya Bank (KVB) expanded its presence in Tamil Nadu with the inauguration of four new branches, bringing its total branch network to 870. The new branches will provide a wide range of banking services, including accounts, loans, and locker facilities.

The newly inaugurated branches are located in Coimbatore, Pollachi, Madurai, and Krishnagiri districts. These branches will cater to the growing banking needs of local customers, offering services like retail and institutional lending, along with other essential banking products and financial services.

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KVB’s mobile banking app, KVB DLite, has also been upgraded to enhance customer convenience. The app now includes over 150 features, enabling users to access both financial and non-financial services with ease, making banking more accessible to customers.

Recent news on Karur Vysya Bank:

As of January 1, 2025, Karur Vysya Bank reported a 14.93% growth in total business, reaching ₹1.81 lakh crore. Advances rose by 13.96%, while deposits increased by 15.75%, with CASA deposits growing by 4.28%.

Ace investor holding in Karur Vysya Bank:

Rekha Jhunjhunwala

Rekha Jhunjhunwala, a prominent investor, holds a 4.16% stake in Karur Vysya Bank, owning 33,487,516 shares valued at ₹738.6 crore. Her investment highlights confidence in the bank’s growth and future prospects.

Stock performance of Karur Vysya Bank for Period of 1 week, 6 months and 1 year:

Karur Vysya Bank has seen a decline of 2.13% over the past week, reflecting short-term volatility. Over the last six months, the stock has dropped by 1.23%. However, it has delivered a strong 16.5% return over the past year.

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Shareholding pattern of Karur Vysya Bank:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	2.10%	2.20%	2.20%
FII	15.10%	15.10%	15.40%
DII	37%	35.70%	36.20%
Public	45.50%	47%	46%
Others	0.30%	0%	0.20%

About Karur Vysya Bank:

Karur Vysya Bank Ltd. (NSE: KARURVYSYA) is a leading private sector bank in India, offering a wide range of banking services. The bank has shown steady growth, with a strong performance in the long-term despite recent short-term volatility.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.