Karur Vysya Bank surges on plans to offer instantaneous remittance service to customers

Karur Vysya Bank Ltd. | Bank - Private | BFSI | BSE: 590003 | NSE: KARURVYSYA

15 Jul 2013 Evaluate

Karur Vysya Bank is currently trading at Rs. 436.50, up by 4.45 points or 1.03% from its previous closing of Rs. 432.05 on the BSE.

The scrip opened at Rs. 433.35 and has touched a high and low of Rs. 436.65 and Rs. 432.05 respectively. So far 583 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 592.30 on 25-Jan-2013 and a 52 week low of Rs. 386.10 on 11-Sep-2012.

Last one week high and low of the scrip stood at Rs. 449.40 and Rs. 428.15 respectively. The current market cap of the company is Rs. 4680.06 crore.

The promoters holding in the company stood at 3.08% while Institutions and Non-Institutions held 38.78% and 58.14% respectively.

Karur Vysya Bank (KVB) has implemented Bahwan CyberTek’s Cuecent eRemit - a global remittance solution, across the bank to offer affordable and instantaneous remittance service to its customers. The remittance solution from Bahwan CyberTek has helped Karur Vysya Bank to launch an ‘instant cross-border remittances service’ for Non-Resident Indian (NRIs), which offers the remitter the facility to instantly credit funds into the beneficiary account in any bank in India.

Under this service, the funds would be instantly remitted and the beneficiary would be able to withdraw the money within a matter of minutes. Both the beneficiary and remitter receive free mobile and email alerts instantaneously on receipt of money.

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.

Karur Vysya Bank Share Price

297.85 -6.70 (-2.20%)

11-May-2026 14:55 View Price Chart

Peers

Company Name	CMP
HDFC Bank	768.10
ICICI Bank	1269.90
Axis Bank	1277.45
Kotak Mahindra Bank	383.20
Indusind Bank	925.00
View more..

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