Karur Vysya Bank Q3 Update: Shares near record high after 17% growth in advances

Shares of Karur Vysya Bank Ltd. are trading near their record high levels on Thursday, January 1, after the Karur-headquartered lender shared its business update for the October-December quarter.

The lender's deposits grew by 15.57% from last year to ₹99,155 crore. On a sequential basis, that number went up by 3.71%.

Advances for the quarter grew by 17.15% year-on-year to ₹82,838 crore. On a sequential basis, the number grew by 4.66%.

CASA for the quarter rose by 10.76% from last year and 2.11% when compared to the September quarter to ₹28,167 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 2.79% higher on Thursday at ₹271.20. The stock has risen 45% in the last one year.