Karur Vysya Bank trades higher on the bourses

Karur Vysya Bank is currently trading at Rs. 400.00, up by 1.45 points or 0.36% from its previous closing of Rs. 398.55 on the BSE.

The scrip opened at Rs. 399.55 and has touched a high and low of Rs. 400.00 and Rs. 396.90 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 455.00 on 20-Apr-2012 and a 52 week low of Rs. 322.30 on 28-Dec-2011.

Last one week high and low of the scrip stood at Rs. 403.90 and Rs. 391.00 respectively. The current market cap of the company is Rs. 4290.46 crore.

The promoters holding in the company stood at 3.23% while Institutions and Non-Institutions held 30.62% and 66.15% respectively. 

Karur Vysya Bank is in the process of inaugurating two new branches. The bank will inaugurate these two branches at No - 456 - Plot No 14 & 15 ECR, Karuvadikuppam, Lawspet, Pondicherry - 605008 and  Branch No - 457 - 7/22, Bye Pass Road, Harur - 636903. The bank will be inaugurating these branches on September 07, 2012.

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.