Shares of Karur Vysya Bank Ltd. are trading as much as 2% higher on Wednesday, April 1, after the Karur-headquartered lender shared its business update for the January-March quarter.
The lender’s deposits grew by 13.31% from last year to ₹1.02 lakh crore. On a sequential basis, that number went up by 0.93%.
Advances for the quarter grew by 16.87% year-on-year to ₹98,743 crore. On a sequential basis, the number grew by 1.74%.
CASA for the quarter rose by 11.82% from last year and 0.25% when compared to the December quarter to ₹31,122 crore.
The bank’s total business rose 14.92% on-year and was up 1.31% sequesntially to ₹2.14 lakh crore.
Of the 19 analysts that have coverage on Karur Vysya Bank, 18 of them have a ‘Buy’ rating, while one has a ‘Sell’ recommendation on the stock.
Shares of Karur Vysya Bank are trading 1.42% higher today at ₹293.50. The stock has risen 9% in the last one year.
