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Karur Vysya Bank rises on signing binding term sheet with Centrum Wealth Management

29 May 2019 Evaluate

Karur Vysya Bank is currently trading at Rs. 79.15, up by 0.45 points or 0.57% from its previous closing of Rs. 78.70 on the BSE.

The scrip opened at Rs. 78.70 and has touched a high and low of Rs. 79.55 and Rs. 78.05 respectively. So far 31397 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 100.95 on 16-Aug-2018 and a 52 week low of Rs. 63.40 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 83.45 and Rs. 77.45 respectively. The current market cap of the company is Rs. 6318.49 crore.

The promoters holding in the company stood at 2.08%, while Institutions and Non-Institutions held 41.80% and 56.11% respectively.

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 719.45
ICICI Bank 1356.80
Axis Bank 1235.20
Kotak Mahindra Bank 413.80
Indusind Bank 966.95
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