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Karur Vysya Bank signs binding term sheet with Centrum Wealth Management

29 May 2019 Evaluate

Karur Vysya Bank has entered into a binding term sheet with Centrum Wealth Management for establishing a private limited joint venture company for the purposes of providing wealth management services, subject to the receipt of regulatory approvals and registrations and entering into definitive agreements by the parties.

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.

Peers
Company Name CMP
HDFC Bank 717.65
ICICI Bank 1355.00
Axis Bank 1227.00
Kotak Mahindra Bank 411.50
Indusind Bank 957.10
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