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An announcement from Karur Vysya Bank Ltd. ( (IN:KARURVYSYA) ) is now available.
Karur Vysya Bank Ltd. has announced that the Income Tax Department has raised a demand of Rs. 160.33 crore for the assessment year 2023-24, related to financial year 2022-23, due to certain additions and disallowances. The bank plans to appeal the decision, asserting that it has strong legal grounds to contest the demand, and assures stakeholders that the demand will not impact its financial or operational activities.
More about Karur Vysya Bank Ltd.
Karur Vysya Bank Ltd. operates in the banking industry, offering a range of financial services including loans, deposits, and investment products, primarily focusing on retail and corporate banking sectors in India.
YTD Price Performance: -11.00%
Average Trading Volume: 60,263
Current Market Cap: 159.7B INR
See more data about KARURVYSYA stock on TipRanks’ Stock Analysis page.