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Karur Vysya Bank Inaugurates Four New Branch

SBI Mutual Fund picked up 1.2 crore shares, representing a 1.5% stake in the lender.

The Tamil Nadu-based Karur Vysya Bank, a private sector bank, has strengthened its presence by inaugurating four new branches under its expansion drive, the bank said on Tuesday.

The bank, on July 24, inaugurated a new branch each in Velliyanai in Karur district, Sathuvachari in Vellore and also in Punganur, Rangareddy in Telangana, and Chittoor in Andhra Pradesh and Ibrahimpatnam.

With the incorporation of the four new branches, the total number of units grew to 812, the Tamil Nadu-based Karur Vysya Bank said in a statement.

Karur Vysya Bank reported total businesses of Rs 1,47,671 crore on June 30, with deposits of Rs 80,715 crore and gross advances at Rs 66,956 crore.

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