NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
We initiate coverage on Karur Vysya Bank Ltd. with Buy rating on account of the following key reasons:
Karur Vysya Bank has a healthy sustainable margin profile, being underpinned by a strong liability franchise, typified by industry-low SA card rates,
Karur Vysya Bank has effected a growth turnaround through digital under-writing,
Credit cost outlook seems reasonably comforting and asset quality volatility is a thing of the past.
We initiate with Buy rating and a price target of Rs 260.
This report also contains a detailed comparison of 11 mid and smallcap private sector banks.
Click on the attachment to read the full report:
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