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Karur Vysya Bank gains on partnering with Bajaj Allianz Life

08 Jul 2020 Evaluate
Karur Vysya Bank is currently trading at Rs. 35.40, up by 0.80 points or 2.31% from its previous closing of Rs. 34.60 on the BSE.

The scrip opened at Rs. 34.95 and has touched a high and low of Rs. 36.55 and Rs. 34.05 respectively. So far 271400 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 71.50 on 08-Jul-2019 and a 52 week low of Rs. 18.15 on 27-Mar-2020.

Last one week high and low of the scrip stood at Rs. 36.55 and Rs. 33.60 respectively. The current market cap of the company is Rs. 2821.57 crore.

The promoters holding in the company stood at 2.11%, while Institutions and Non-Institutions held 44.38% and 53.50% respectively.

Karur Vysya Bank (KVB) has entered into a corporate agency partnership with Bajaj Allianz Life to offer life insurance solutions to the Bank’s customers. Through this partnership, Karur Vysya Bank will provide Bajaj Allianz Life’s value-packed life insurance solutions to its customers and enable them to achieve their life goals in a planned manner.

Bajaj Allianz Life through its affordable and new-age life insurance solutions will empower the Bank’s new and existing customers to avail the living benefits of life insurance. The insurer’s products will be available at the Bank’s 780 branch offices spread across India.

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.

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