Karur Vysya Bank - Well Placed On LDR, Growth, Asset Quality, RoA Superiority: ICICI Securities

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..ICICI Securities Report.Karur Vysya Bank Ltd. has seen remarkable transformation under the current management with steady growth and superior return on asset.The bank sports one of the lowest cost of deposits alongside superior net interest margins among peers. The bank has one of the lowest loan-to-deposit ratio (83%) and one of the highest liquidity coverage ratios (185%); thus, should sustain ~15% compound annual growth rate in loan growth through FY24– 26E. All-inclusive SMA pool at <0.5% and amongst lowest net NPA (<0.4%) along with minimal exposure to unsecured retail nourishes our confidence on further moderation in credit costs. Overall, we expect Karur Vysya Bank to sustain its leadership on RoA/RoE within the mid and small private banks space. Maintain Buy; target price revised to Rs 270, valuing the stock at ~1.6 times FY26E adjusted book value. Enviable positioning on LDR, LCR, asset quality and RoA should lead to further re-rating..Click on the attachment to read the full report:.Kross IPO - Issue Details, Financials, Strengths, Risks, Investment Rationale And More: DRChoksey.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Karur Vysya Bank - Well Placed On LDR, Growth, Asset Quality, RoA Superiority: ICICI Securities

Enviable positioning on LDR, LCR, asset quality and RoA should lead to further re-rating of the stock, says the brokerage.

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Karur Vysya Bank - Well Placed On LDR, Growth, Asset Quality, RoA Superiority: ICICI Securities

Enviable positioning on LDR, LCR, asset quality and RoA should lead to further re-rating of the stock, says the brokerage.

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