Karur Vysya Bank Limited has informed the Exchange regarding a press release dated January 09, 2026, titled "Karur Vysya Bank Launches Capital Gains Account Scheme to Help Taxpayers Maximize Savings".
KARURVYSYA · price
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Karur Vysya Bank (KVB) has launched a Capital Gains Account Scheme (CGAS) after receiving official authorization from the Ministry of Finance, Government of India. The scheme helps individuals and Hindu Undivided Families (HUFs) park proceeds from selling assets like property or securities, preserving their tax exemption under the Income Tax Act, 1961, while they finalize a long-term investment. Two account types are offered: Type A (Savings Account) for phased withdrawals and Type B (Term Deposit) for parking funds for a fixed tenure. The service is available immediately across KVB's non-rural branch network (898 branches, 2226+ ATMs), with fund transfers supported via UPI, NEFT, and RTGS.
This is a new product launch that broadens KVB's deposit base and could attract tax-conscious customers parking large sums, potentially supporting deposit growth. It is a positive customer-acquisition and liability-side initiative, though the direct financial impact on earnings or stock price is likely to be modest in the near term.