South-India based Karur Vysya Bank has inaugurated 15 new branches taking its total network strength to 514 branches across the country. The bank is also targeting to double its balance sheet size in the next four years to touch Rs 125,000-crore mark for which it plans to have 700 branches.
The bank’s current balance sheet size stands at over Rs 61,000 crore and its aim to take it to over Rs 125,000 crore by 2016 which coincides with the centenary celebrations of the bank. The bank’s total deposit and advance stands at Rs 31,000 crore and Rs 26,500 crore respectively.
Due to the gloomy economic climate this year, the bank has observed a subdued growth in advances. The year-on-year growth in credit is at 24% as against the 34% last year.
Karur Vysya Bank is among 6 old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
Company Name | CMP |
---|---|
HDFC Bank | 1448.30 |
ICICI Bank | 1114.35 |
Axis Bank | 1118.65 |
Indusind Bank | 1402.20 |
Kotak Mahindra Bank | 1642.25 |
View more.. |