News for The Karur Vysya Bank Limited (KARURVYSYA.NS)

The two banks which recently added to the list are Tamilnad Mercantile Bank (included on March 5, 2025) and IDFC First Bank which got added on Nov 27, 2024. Another bank which added to the list is Dhanlaxmi Bank on June 26, 2024.

Aadhaar's role in banking and finance grows with seamless eKYC transactions, face authentication, and improved customer experience.

The Reserve Bank of India's recent auctions to inject funds into the banking system saw lukewarm interest due to improving liquidity conditions. Despite a persisting liquidity deficit, it has narrowed significantly in March. Market participants remain optimistic about further RBI measures to manage advance tax and GST outflows.

The Income Tax Department has expanded its partnership with several banks to offer enhanced tax payment services.

RBI announces liquidity measures of Rs 1.87 lakh crore to ease banking system tightness, with OMO and USD/INR swap auctions.

Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.

After the RBI repo rate cut, banks such as SBI, Canara Bank, PNB, and Union Bank among others have cut their repo linked lending rates. Most other banks are also expected to cut their lending rates in line with the RBI rate cut.

TP Solar Limited, Tata Power’s solar manufacturing arm, has bagged a Rs 632 crore worth contract from SECI. The Tata group firm would supply 292.5 MWp DCR solar modules to SECI, as per a stock exchange filing.

In February 2025, six banks adjusted senior citizen fixed deposit rates, offering up to 9.1% amid a 0.25% RBI repo rate cut. This move affects deposits under Rs 3 crore, impacting post-retirement finances.

RBI conducts $10 billion USD/INR Buy/Sell auction to attract Dollars, infuse Rupee liquidity, and address liquidity deficit.

Despite foreign institutional investors selling financial stocks, analyst Mayuresh Joshi from Marketsmith believes the sector is poised for growth due to easing valuations. He highlights Kotak Mahindra Bank, Bank of Baroda, and Karur Vysya Bank as promising picks. Stabilizing deposits, stronger asset quality, and potential earnings growth support a positive outlook for banking stocks.

Mayuresh Joshi from Marketsmith India suggests the market may be near its low, or the earnings downgrades are ending soon. He highlights agro chemicals, hospital stocks, and financials as promising sectors. Key stocks include Coromandel International, Max Healthcare, Kims, Kotak Bank, and Karur Vysya Bank, showing potential in their performance and financial stability.

In a parallel development, the RBI did not accept bids for the 91-day and 182-day treasury bills at an auction held on Thursday. However, it accepted ₹7,000 crore worth of bids for the 360-day auction at 6.5638%.

AGS Transact Technologies faces financial woes, defaults on payments, seeks restructuring, and faces declining revenue and customer base.

Reserve Bank of India (RBI) will inject a $16 billion liquidity boost into the banking system next week amid tax outflows. RBI has infused around ₹2.68 trillion into the system in the last one-month period.

Uco Bank has increased its one-year marginal cost-based lending rate (MCLR) by 5 basis points despite the RBI reducing the policy repo rate by 25 basis points. Conversely, Uco Bank, along with Bank of India, Indian Bank, and Karur Vysya Bank, has reduced repo-linked lending rates effective immediately. MCLR-linked loan impacts typically take two quarters to materialize.

The Reserve Bank of India has cut the repo rate by 25 basis points to 6.25 percent. A repo rate cut benefits borrowers but affects fixed deposit investors. Banks will reduce FD rates soon. Seniors should invest in FDs now.

The Reserve Bank of India (RBI) has, by an order dated February 04, 2025, imposed a monetary penalty of ₹8.30 lakh (Rupees Eight Lakh Thirty Thousand only) on...

The Reserve Bank of India has reduced the repo rate, leading banks to soon lower fixed deposit interest rates. Small finance banks currently offer the highest FD rates, up to 9%, while private and public sector banks offer relatively lower rates. Investors should act quickly to benefit from existing higher rates.