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Karur Vysya Bank surges on getting RBI nod to raise FIIs stake up to 40%

03 Jan 2014 Evaluate

Karur Vysya Bank is currently trading at Rs. 349.20, up by 4.30 points or 1.25% from its previous closing of Rs. 344.90 on the BSE.

The scrip opened at Rs. 339.00 and has touched a high and low of Rs. 354.40 and Rs. 339.00 respectively. So far 4765 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. 297.65 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 355.00 and Rs. 340.60 respectively. The current market cap of the company is Rs. 3,699 crore.

The promoters holding in the company stood at 3.06% while Institutions and Non-Institutions held 38.19% and 58.76% respectively. 

Foreign institutional investors (FIIs) have been allowed to raise stake in Karur Vysya Bank (KVB) to up to 40%. The bank has passed a resolution at its Board of Directors’ Meeting and a resolution in its Annual General Meeting agreeing for the purchase of its equity shares by FIIs up to 40% of their paid-up capital through primary/secondary markets in India.

Reserve Bank's approval to the Bank for raising FII investment limit to 40% is subject to the condition that aggregate foreign investment in the bank should also not exceed the composite sectoral cap of 49% (49% under Automatic Route & beyond 49% to 74% under Government Route) as prescribed by the Government from time to time. Under the existing conditions, RBI should be informed about acquisition or transfer of shares of 5 per cent and more of a private sector bank by FIIs.

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

281.75 7.05 (2.57%)
21-Apr-2026 11:07 View Price Chart
Peers
Company Name CMP
HDFC Bank 806.05
ICICI Bank 1382.90
Axis Bank 1369.80
Kotak Mahindra Bank 381.20
Indusind Bank 861.45
View more..

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