Latest Updates Around The World
A group of smaller private and PSU banks with sizeable gold loans are turning the gold boom into a balance sheet bonanza, while rising prices and a surge in secured credit demand are boosting growth, margins and asset quality.In the December quarter, CSB Bank led the pack with gold loans constituting a whopping 51% of […]
Ramesh Babu, Managing Director & CEO, Karur Vysya Bank Private sector Karur Vysya Bank strengthened its presence across the country and opened its 900th branch here, a top official said on Saturday. The bank’s Managing Director and CEO Ramesh Babu formally inaugurated the branch at Tondiarpet in the city. Tamil Nadu Ministry of Health and […]
The Reserve Bank of India (RBI) has lifted the long-term investment limit of Rs 2.5 lakh crore under the Voluntary Retention Route (VRR) to deepen the debt market by providing more flexibility to foreign portfolio investors (FPIs). Yet, overall investment limits remain in place, ensuring adequate regulatory controls on foreign ownership of Indian debt. The […]
Ramesh Babu B, Managing Director & CEO, The Karur Vysya Bank | Photo credit: KSL While private sector bank Karur Vysya Bank achieved record profitability this quarter, the bank says strategic steps it has taken to control cost of deposits, return on funds and steps for better recovery have helped them achieve this milestone. “In […]
The Indian market closed lower on Friday, with the Sensex and Nifty falling as investors cut positions near record highs, while thin year-end trading and continued foreign outflows dampened risk appetite. The pullback capped a subdued session marked by light participation and selective selling among index heavyweights.The BSE Sensex fell 367 points or 0.4% to […]
Karur Vysya Bank | Photo credit: BIJOY GHOSH Due to the falling cost of deposits, Karur Vysya Bank has reduced its Marginal Cost of Funds Based Lending Rates (MCLR) by 25 basis points across the board, with effect from November 22, 2025. After the reduction, the overnight MCLR is 8.90 percent (previously 9.15 percent); the […]
Prospects of 10-year G-Sec yields falling further to 6.30-6.35 percent exist if both rate deals and repo rate cuts materialize | Photo credit: Yields on government bonds (G-Secs) could ease in the coming weeks in the wake of record low retail inflation, opening the possibility of a cut in repo rates and the likelihood of […]
RAM loans (Retail, Agri, MSME) grew 19 percent YoY in Q2FY26, driven by 22 percent growth in retail loans | Photo credit: BIJOY GHOSH Karur Vysya Bank reported 21 per cent growth in net profit for the quarter ended September 2025 (Q2FY26) at ₹574 crore. The bank’s total revenue crossed the ₹ 2,00,000 crore mark […]
So far, the surplus balance of the rupid on the SRVA account can only be invested in the effects of the central government (including treasury accounts) | Photocredit: Dmitriy Razinkov Saldi in Special Rupee Vostro Account (SRVA), maintained by persons who live outside India, for the international trade arrangement in Indian rupees, can now be […]
Defense shares can be tiring after a strong indictment, but PSU banks are still marching ahead, says Anand James of Geojit Investments. Together they have driven the outperformance of the wider market, so that traders wonder: is this only the opening act or the peak of the rally? Edited fragments from a chat with the […]
