Karur Vysya Bank Ltd.

NSE: KARURVYSYA | BSE: 590003 | ISIN: INE036D01028 |Industry: Banks
|Momentum Trap

Karur Vysya Bank Ltd.    
15 Mar 2019
Nirmal Bang Institutional
We recently met Mr P.R. Seshadri, MD & CEO, Mr. J Natarajan, President and COO and Mr. Shivrama Prasad, CFO, Karur Vysya Bank (KVB) and gleaned incremental insight into the asset quality and other aspects of the bank. We do not have KVB under coverage and therefore, do not have a rating on the stock. We share the management meet takeaways below. N.B. We like Karnataka Bank (KTK) and South Indian Bank (SIB) as regional bank turnaround plays as they have significant valuation comfort. (See KTK 3QFY19 Results Note: Transient Factors At Play. See SIB 3QFY19 Results Note: Barring IL&FS;, Corporate Book Remains Under Control.) Our top mid/smallcap picks are City...
Nirmal Bang released a Hold report for Karur Vysya Bank Ltd. on 21 May, 2019.
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