The Big Bull scooped up 19,50,000 shares in the private bank in the March quarter. He held 2,24,62,288 shares in October-December. Now, the total number of shares he owns in the lender stands at 2,44,12,288.
Karur Vysya Bank is a private lender headquartered in Chennai, with a market cap at Rs 7,671.68 crore.
At 01:01 pm, the stock was trading at Rs 105.60, up 1.54 per cent on the BSE.
The bank last month appointed M D Ramesh Murthy as Chief Risk Officer (CRO) and J Natarajan as President and Chief Operating Officer of the Bank.
The bank has revised MCLR (marginal cost of funds based lending rate) effective today. The Overnight MCLR has been revised to 8.30 per cent while that of One-month MCLR stands at 8.30 per cent. Three-month MCLR read 8.65 per cent and six-month MCLR 9 per cent. One-year MCLR read 9.20 per cent.
The bank last month appointed M D Ramesh Murthy as Chief Risk Officer (CRO) and J Natarajan as President and Chief Operating Officer of the Bank.
The bank has revised MCLR (marginal cost of funds based lending rate) effective today. The Overnight MCLR has been revised to 8.30 per cent while that of One-month MCLR stands at 8.30 per cent. Three-month MCLR read 8.65 per cent and six-month MCLR 9 per cent. One-year MCLR read 9.20 per cent.
Net profit declined by over 38 per cent to Rs 71.49 crore for the December quarter, hurt by a rise in bad loan provisioning. The private lender had registered a net profit of Rs 115.76 crore in October-December of 2016-17.
The lender is yet to announce its March quarter results.
The lender is yet to announce its March quarter results.
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