Karur Vysya Bank (KVB), a private sector lender has launched a share sale to raise up to Rs 1000 crore from institutional investors. The floor price for the sale is Rs 461.70 per share.
Recently, the bank opened a new branch at Vizag-Seethammadhara in Andhra Pradesh. With this, the bank’s branch network has grown to 593.
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.