Karur Vysya Bank Ltd. News and Updates

Name: Latest research reports of Karur Vysya Bank Ltd. authored by Bonanza and published by - Trendlyne research reports.
Item: Karur Vysya Bank Ltd.
Rating: 5
Author: Bonanza

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Karur Vysya Bank Ltd.

25 Jul 2023

214.10

-1.42%

Karur Vysya Bank strengthens presence with four new branches

Moneycontrol

The bank, on July 24, inaugurated a new branch each in Velliyanai in Karur district, Sathuvachari in Vellore and also in Punganur, Chittoor in Andhra Pradesh and Ibrahimpatnam, Rangareddy in Telangana.

Karur Vysya Bank Ltd.'s price crossed below 50Day SMA today

Karur Vysya Bank Ltd.

18 Jul 2023

214.10

-1.42%

Buy Karur Vysya Bank; target of Rs 165: ICICI Securities

Moneycontrol

ICICI Securities is bullish on Karur Vysya Bank recommended buy rating on the stock with a target price of Rs 165 in its research report dated July 18, 2023.

Karur Vysya Bank Ltd.'s price crossed below 50Day SMA today

Karur Vysya Bank Ltd.

18 Jul 2023

214.10

-1.42%

Credit cost drives ROA confidence amid NIM compression

Buy: Karur Vysya Bank Ltd.

Target

Bonanza

KVB reported a strong earnings performance in Q1FY24 despite NIM compression. KVB’s 57% YoY PAT growth was led by a strong PPOP growth driven by strong business growth and traction in treasury income.

Karur Vysya Bank Ltd. has gained 22.50% in the last 6 Months

Karur Vysya Bank Ltd.

18 Jul 2023

214.10

-1.42%

Yet another healthy quarter; rising confidence on improving RoA despite NIM headwinds

Buy: Karur Vysya Bank Ltd.

Target

ICICI Securities Limited

Despite 18bps QoQ NIM decline (though in-line) and Rs250mn of floating provisions, Karur Vysya Bank (KVB) reported strong Q1FY24 PAT at Rs3.5bn (8% beat) driven by healthy ‘other income’ and ~45% QoQ drop in provisions led by continued strong asset quality.

Karur Vysya Bank Ltd. is trading below its 50 day SMA of 216.6

Karur Vysya Bank Ltd.

17 Jul 2023

214.10

-1.42%

Karur Vysya Bank Q1 profit rises 57% to Rs 359 crore

Moneycontrol

Total income during the quarter under review increased to Rs 2,216 crore from Rs 1,673 crore in FY23, Karur Vysya Bank said in a regulatory filing.

Karur Vysya Bank Ltd. is trading below its 50 day SMA of 216.6

Karur Vysya Bank Ltd.

03 Jul 2023

214.10

-1.42%

Karur Vysya Bank hits 52-week high on 14% growth in advances in Q1

Moneycontrol

The bank's advances stood at Rs 67,105 crore, up 14 percent from the corresponding period in the previous year

Karur Vysya Bank Ltd. has an average target of 267.00 from 6 brokers.

Karur Vysya Bank Ltd.

20 Jun 2023, 08:18PM

214.10

-1.42%

Karur Vysya Bank embarks on a multichannel strategy to drive growth

Business Line

New units have been created to shore up the deposit base and grow the advances, says MD and CEO Ramesh Babu

ICICI Securities Limited released a Buy report for Karur Vysya Bank Ltd. with a price target of 267.0 on 12 Sep, 2025.

The ECL model will not dent profits much: Karur Vysya Bank MD & CEO

Business Standard | 20 Jun 2023, 06:18PM 1 more

Karur Vysya Bank Ltd.

19 Jun 2023

214.10

-1.42%

Karur Vysya Bank in expansion mode; sets up 800th branch in Chennai

Business Standard

Private sector Karur Vysya Bank on Monday under its expansion drive inaugurated its 800th branch in the city, a top official said. The Tamil Nadu-based lender also inaugurated its digital banking unit on the occasion. "We are delighted to inaugurate our 800th branch and other new branches today, which will provide our customers improved access and proximity to the bank's services," the bank's managing director and CEO B Ramesh Babu said in a statement. TVS Capital Funds Chairman Gopal Srinivasan formally inaugurated the 800th branch in Anna Nagar East, Chennai today. The first Digital Banking Unit (DBU) works completely on digital mode and customers would be able to open their savings account, get their welcome kit along with debit cards and can also apply for retail loans. On the unveiling of digital banking unit, Babu said, it is yet another initiative that would not only enhance customer experience but also be environment friendly which is a core focus area of the bank's corpor

Karur Vysya Bank Ltd. is trading above its 200 day SMA of 194.8

Karur Vysya Bank Ltd.

14 Jun 2023

214.10

-1.42%

Buy Karur Vysya Bank; target of Rs 165: Emkay Global Financial

Moneycontrol

Emkay Global Financial is bullish on Karur Vysya Bank has recommended buy rating on the stock with a target price of Rs 165 in its research report dated June 13, 2023.

Karur Vysya Bank Ltd.'s price crossed below 50Day SMA today

Karur Vysya Bank Ltd.

17 May 2023

214.10

-1.42%

Hitting an earnings sweet spot; raising earnings estimates, target price

Buy: Karur Vysya Bank Ltd.

Bonanza

KVB reported a stellar earnings performance in Q4FY23 aided by NIM expansion, a strong non-interest income, and a sequential softness in non-tax provisions despite taking in some higher specific provisions. The management commentary on business growth ahead was convincing with a modest 14% YoY growth target while the earnings trajectory based on the NIM guidance, non-interest income, expansion plan and opex range, and asset quality performance appeared realistic.