Karur Vysya Bank Reports 14% Loan Growth; South Indian Bank

06 Jan 2025 CW Team

Private sector lender Karur Vysya Bank announced a 14% year-on-year growth in its loan book by the end of the third quarter, while South Indian Bank reported an almost 12% rise in its loans. Karur Vysya’s total advances reached Rs 828.42 billion as of December 31, 2024, reflecting a 13.96% annual increase. Deposits grew by 15.75% to Rs 991.55 billion, surpassing the loan growth. The increase in deposits was largely driven by a rise in fixed deposits, while low-cost current and savings account (CASA) deposits grew only 4.28%. As a result, the CASA ratio fell to 28.4% from 31.5% a year ago. South Indian Bank’s advances rose 11.94% to Rs 869.65 billion, while its deposits grew at a slower pace of 6.28% to Rs 1.05 trillion. The bank’s CASA ratio decreased slightly to 31.16% from 31.8% over the past year. (ET)

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..