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Kolkata: State-owned Indian Bank said its gross advances grew 13.6% year-on-year to Rs 6.68 lakh crore at the end of March while deposit mobilisation rose 12.6% to Rs 14.98 lakh crore. Four south-based private banks, which updated quarterly business numbers Monday, also saw their gross advances growth outpacing deposit expansion, in line with the industry trend. The Chennai-headquartered Indian Bank said that its advances grew largely on account of lending to retail, agriculture and micro smal ...Read More >
Chennai: The lender has closed FY26 on a solid note, showing consistent expansion across key balance sheet metrics even as quarterly momentum remained modest. Business growth accelerates Karur Vysya Bank's total business climbed to Rs 2,14,409 crore as of March 31, 2026, up from Rs 1,86,569 crore a year earlier, marking a 14.92 percent increase. The growth reflects a broad-based uptick in lending and deposit mobilisation, reinforcing the bank's steady scale-up strategy. On a sequential basis, ...Read More >
MUMBAI: After being nearly absent from the forex market for a while to let the rupee find its own feet, the Reserve Bank on Wednesday stepped in forcefully to support the rupee, a day after it breached the 91 mark. This propelled the bleeding-for-long currency to the biggest single-day gain in seven months in a move seen intended to punish those betting on a one-way slide in the currency. The rupee rose as much as 1.03% intra-day -- soon after opening mildly lower than the historic low record y ...Read More >
(Bloomberg) - India's rupee strengthened the most in seven months on Wednesday after the central bank aggressively sold dollars to support the currency. Stocks also gained. The rupee rose as much as 1%, the most since May 23, to 90.0963, after closing at a record low in the previous session. The Reserve Bank of India is intervening through dollar sales in the local market, according to people familiar with the transactions. The move follows the rupee's string of record lows in recent weeks, wh ...Read More >
Chennai, Oct 18 (PTI) Karur Vysya Bank has breached the Rs 2 lakh crore milestone in the total business at the conclusion of the July-September 2025 quarter, a top official said on Saturday. The progress demonstrates that the bank management's initiatives regarding key metrics are advancing effectively, its Managing Director and CEO Ramesh Babu B said. The Tamil Nadu-based private sector bank had clocked a net profit of Rs 574 crore for the July-September 2025 quarter, up by 21.35 per cent, fr ...Read More >
Chennai, Aug 12 (PTI) Private sector Karur Vysya Bank has strengthened its footprint with the inauguration of three new branches in Maharashtra, Andhra Pradesh and Tamil Nadu. The Karur-based bank has opened a new branch in KK Nagar, Udayanpatti, Tiruchirappalli in Tamil Nadu, Thane in Maharashtra, and Kurnool in Andhra Pradesh, the bank's Managing Director and CEO Ramesh Babu said. The new branches, which were inaugurated on Monday, would offer a comprehensive range of banking services includ ...Read More >
Mumbai: The Reserve Bank of India (RBI) will conduct a seven-day variable rate reverse repo (VRRR) operation for ₹2.5 lakh crore on Friday, a day when two previous such operations involving a total of nearly ₹2 lakh crore would be reversed and returned to the banking system. Friday is also the end of the fortnight, when banks need to report their cash reserve ratio compliance to the Reserve Bank of India (RBI). Bank treasury officials said that the aim of this exercise is to keep weighted avera ...Read More >
Ahmedabad: Banking operations in Gujarat came to a grinding halt on Wednesday as over 20,000 employees from nationalized and select private sector banks joined the all-India strike called by Central Trade Unions. The coordinated protest disrupted cash transactions, cheque clearances and customer servicing across 3,678 branches, affecting transactions worth an estimated Rs 15,000 crore, leaving traders, businesses and industrialists held up for important work.The strike drew participation from pu ...Read More >
CHENNAI: Elderly people, people with disabilities and pregnant women visiting Mylapore's Kapaleeswarar temple can now heave a sigh of relief as they will soon have access to a free e-vehicle service near the place of worship. According to a report in The Hindu, the electric cart, donated by Karur Vysya Bank under its CSR initiative, will help passengers navigate between the eastern side of the temple and the bus stop near the water tank. However, the vehicle will not operate inside the temple p ...Read More >
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